Canaccord Genuity Group (TSE:CF) Lowered to “Hold” Rating by TD Securities

Canaccord Genuity Group (TSE:CF) was downgraded by stock analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research firms also recently commented on CF. Cormark raised their price objective on Canaccord Genuity Group from C$11.50 to C$12.50 in a report on Tuesday, November 12th. Ventum Financial raised their price target on Canaccord Genuity Group from C$10.25 to C$12.00 in a research note on Monday, November 11th. Finally, Raymond James lifted their price objective on Canaccord Genuity Group from C$11.00 to C$13.00 in a report on Monday, November 11th.

Canaccord Genuity Group Stock Down 5.1 %

TSE:CF opened at C$8.54 on Thursday. The company has a market cap of C$825.56 million, a price-to-earnings ratio of -85.40, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. Canaccord Genuity Group has a twelve month low of C$7.24 and a twelve month high of C$11.50. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 52.93. The stock has a fifty day simple moving average of C$9.96 and a 200-day simple moving average of C$9.46.

Canaccord Genuity Group (TSE:CF) last released its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The company had revenue of C$428.64 million during the quarter, compared to analysts’ expectations of C$440.60 million. Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. Analysts anticipate that Canaccord Genuity Group will post 0.8618357 EPS for the current year.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.