Echelon Wealth Partners Reaffirms Speculative Buy Rating for Canaccord Genuity Group (TSE:CF)

Canaccord Genuity Group (TSE:CF – Get Rating)‘s stock had its “speculative buy” rating reaffirmed by equities research analysts at Echelon Wealth Partners in a note issued to investors on Tuesday, PriceTargets.com reports.

Several other equities research analysts have also recently issued reports on CF. Fundamental Research set a C$10.15 price objective on Canaccord Genuity Group and gave the stock a “buy” rating in a report on Tuesday, June 6th. Cormark upgraded Canaccord Genuity Group from a “tender” rating to a “market perform” rating and decreased their price objective for the stock from C$11.25 to C$10.00 in a report on Tuesday, May 9th. Finally, TD Securities reduced their target price on Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Canaccord Genuity Group currently has a consensus rating of “Moderate Buy” and an average target price of C$9.91.

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Canaccord Genuity Group Stock Performance

Canaccord Genuity Group stock opened at C$8.28 on Tuesday. The company has a debt-to-equity ratio of 34.64, a quick ratio of 1.05 and a current ratio of 1.17. The stock has a fifty day moving average of C$9.62 and a two-hundred day moving average of C$10.09. The company has a market capitalization of C$822.87 million, a price-to-earnings ratio of -7.14, a PEG ratio of 0.54 and a beta of 1.62. Canaccord Genuity Group has a fifty-two week low of C$6.24 and a fifty-two week high of C$11.80.

Canaccord Genuity Group (TSE:CF – Get Rating) last posted its quarterly earnings data on Friday, June 16th. The financial services provider reported C$0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.28 by C($0.21). The firm had revenue of C$430.39 million during the quarter, compared to analyst estimates of C$406.30 million. On average, analysts anticipate that Canaccord Genuity Group will post 1.285489 EPS for the current fiscal year.

Canaccord Genuity Group Company Profile

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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.

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