TD Securities Increases Canaccord Genuity Group Inc (TSE:CF) Price Target to C$6.50
Canaccord Genuity Group Inc (TSE:CF) had its price objective increased by investment analysts at TD Securities from C$6.00 to C$6.50 in a research report issued to clients and investors on Thursday, July 6th. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective would suggest a potential upside of 20.15% from the stock’s previous close.
Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Canaccord Genuity Group in a report on Thursday, March 30th.
Shares of Canaccord Genuity Group (CF) traded up 0.55% during mid-day trading on Thursday, reaching $5.44. 271,086 shares of the company traded hands. Canaccord Genuity Group has a 52 week low of $3.53 and a 52 week high of $6.68. The stock’s 50-day moving average is $5.73 and its 200-day moving average is $5.07. The company has a market capitalization of $504.72 million and a P/E ratio of 20.15.
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In other news, Director Dvaipayan Ghose sold 17,500 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of C$5.00, for a total transaction of C$87,500.00. Insiders have sold a total of 23,546 shares of company stock valued at $116,702 over the last 90 days.
About Canaccord Genuity Group
Canaccord Genuity Group Inc is a Canada-based independent financial services company. The Company has operations in two principal segments of the securities industry: wealth management and capital markets. The Company’s segments include Canaccord Genuity, Canaccord Genuity Wealth Management, and Corporate and Other.
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