Canaccord Genuity Group (CF) Stock Price Up 2.4%

Canaccord Genuity Group Inc (TSE:CF)’s share price rose 2.4% during trading on Monday . The company traded as high as C$6.50 and last traded at C$6.46. Approximately 80,777 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 287,945 shares. The stock had previously closed at C$6.31.

Separately, TD Securities cut their price objective on Canaccord Genuity Group from C$7.00 to C$6.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th.

The company has a market capitalization of $716.26, a P/E ratio of 49.69 and a beta of 1.24.

Canaccord Genuity Group (TSE:CF) last posted its earnings results on Tuesday, November 7th. The financial services provider reported C$0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.01. Canaccord Genuity Group had a negative return on equity of 7.51% and a negative net margin of 3.79%.

In other Canaccord Genuity Group news, Director Daniel Joseph Daviau acquired 100,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of C$4.31 per share, for a total transaction of C$431,000.00. Also, Director Marcus Geoffrey John Freeman acquired 94,200 shares of the stock in a transaction on Thursday, November 16th. The shares were acquired at an average price of C$4.57 per share, with a total value of C$430,494.00. In the last quarter, insiders bought 207,500 shares of company stock valued at $919,216.

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Canaccord Genuity Group Company Profile

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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