Could Canaccord Genuity Group Inc Recover After Today’s Huge Decline?

 Could Canaccord Genuity Group Inc Recover After Today's Huge Decline?

The stock of Canaccord Genuity Group Inc (TSE:CF) is a huge mover today! About 26,007 shares traded hands. Canaccord Genuity Group Inc (TSE:CF) has declined 4.33% since March 30, 2016 and is downtrending. It has underperformed by 5.54% the S&P500.
The move comes after 7 months negative chart setup for the $390.54M company. It was reported on Nov, 3 by Barchart.com. We have $3.37 PT which if reached, will make TSE:CF worth $39.05M less.

Canaccord Genuity Group Inc (TSE:CF) Ratings Coverage

Out of 4 analysts covering Canaccord Financial Inc. (TSE:CF), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $44 is the highest target while $4.50 is the lowest. The $17.50 average target is 367.91% above today’s ($3.74) stock price. Canaccord Financial Inc. has been the topic of 10 analyst reports since October 23, 2015 according to StockzIntelligence Inc. On Friday, May 6 the stock rating was upgraded by National Bank Canada to “Outperform”. As per Friday, November 6, the company rating was maintained by National Bank Canada. The stock of Canaccord Genuity Group Inc (TSE:CF) earned “Hold” rating by TD Securities on Tuesday, February 9. Scotia Capital maintained Canaccord Genuity Group Inc (TSE:CF) on Wednesday, November 2 with “Outperform” rating. The rating was maintained by Scotia Capital on Friday, June 3 with “Outperform”.

More news for Canaccord Genuity Group Inc (TSE:CF) were recently published by: Reuters.com, which released: “BRIEF-Canaccord Genuity Group Inc reports Q2 fiscal 2017 results” on November 02, 2016. Prnewswire.com‘s article titled: “Canaccord Genuity Group Inc. Reports Second Quarter Fiscal 2017 Results” and published on November 01, 2016 is yet another important article.

Canaccord Genuity Group Inc. is a Canada independent financial services company. The company has a market cap of $390.54 million. The Firm has activities in two principal divisions of the securities industry: wealth management and capital markets. It currently has negative earnings. The Company’s divisions include Canaccord Genuity, Canaccord Genuity Wealth Management, and Corporate and Other.

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