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

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

A number of other research analysts also recently weighed in on CF. Ventum Financial lifted their price target on Canaccord Genuity Group from C$10.25 to C$12.00 in a report on Monday, November 11th. Raymond James upped their price target on shares of Canaccord Genuity Group from C$11.00 to C$13.00 in a report on Monday, November 11th. Finally, Cormark lifted their price objective on Canaccord Genuity Group from C$11.50 to C$12.50 in a report on Tuesday, November 12th.

Canaccord Genuity Group Trading Down 5.1 %

Shares of CF stock opened at C$8.54 on Thursday. The stock has a fifty day moving average of C$9.96 and a two-hundred day moving average of C$9.46. The firm has a market capitalization of C$825.56 million, a PE ratio of -85.40, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. Canaccord Genuity Group has a 1 year low of C$7.24 and a 1 year high of C$11.50. The company has a debt-to-equity ratio of 52.93, a quick ratio of 1.05 and a current ratio of 1.21.

Canaccord Genuity Group (TSE:CF) last posted its quarterly earnings results 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). Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. The company had revenue of C$428.64 million during the quarter, compared to the consensus estimate of C$440.60 million. As a group, research analysts expect that Canaccord Genuity Group will post 0.8618357 EPS for the current year.

About Canaccord Genuity Group

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.