Canaccord Genuity Group (TSE:CF) Sets New 12-Month High – Here’s What Happened

Shares of Canaccord Genuity Group Inc. (TSE:CF) hit a new 52-week high during trading on Friday . The stock traded as high as C$14.43 and last traded at C$14.42, with a volume of 380011 shares trading hands. The stock had previously closed at C$13.99.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Ventum Financial raised their price objective on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Friday, June 5th. TD Securities lifted their price target on shares of Canaccord Genuity Group from C$14.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Canaccord Genuity Group presently has an average rating of “Buy” and an average target price of C$16.25.

Canaccord Genuity Group Stock Performance

The business’s fifty day moving average price is C$12.52 and its two-hundred day moving average price is C$12.11. The company has a debt-to-equity ratio of 176.73, a quick ratio of 1.05 and a current ratio of 9.53. The stock has a market capitalization of C$1.45 billion, a P/E ratio of -9.94, a P/E/G ratio of 0.54 and a beta of 1.32.

Canaccord Genuity Group (TSE:CF) last posted its earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 earnings per share for the quarter. Canaccord Genuity Group had a negative net margin of 5.94% and a negative return on equity of 17.40%. The firm had revenue of C$612.69 million for the quarter. As a group, sell-side analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.