Canaccord Genuity Group (TSE:CF) Given New C$16.50 Price Target at Ventum Financial

Canaccord Genuity Group (TSE:CF) had its price target increased by investment analysts at Ventum Financial from C$15.50 to C$16.50 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Ventum Financial’s price target points to a potential upside of 21.95% from the company’s current price.

Separately, TD Securities upped their target price on Canaccord Genuity Group from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$16.25.

Canaccord Genuity Group Trading Up 1.1%

Canaccord Genuity Group stock traded up C$0.15 during trading on Friday, hitting C$13.53. The company’s stock had a trading volume of 474,900 shares, compared to its average volume of 174,856. The stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of -6.21, a P/E/G ratio of 0.54 and a beta of 1.41. The stock’s fifty day moving average is C$12.29 and its 200 day moving average is C$12.02. Canaccord Genuity Group has a 1-year low of C$9.01 and a 1-year high of C$14.50. The company has a debt-to-equity ratio of 200.72, a quick ratio of 1.05 and a current ratio of 1.19.

Canaccord Genuity Group (TSE:CF) last released its earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 EPS for the quarter. The firm had revenue of C$612.69 million during the quarter. Canaccord Genuity Group had a negative return on equity of 25.39% and a negative net margin of 9.85%. As a group, equities research analysts predict that Canaccord Genuity Group will post 0.8618357 EPS for the current year.

About Canaccord Genuity Group

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.