After Today’s Huge Increase, Is Canaccord Genuity Group Inc’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is Canaccord Genuity Group Inc's Near Term Analysis Positive?

The stock of Canaccord Genuity Group Inc (TSE:CF) is a huge mover today! About 23,080 shares traded hands. Canaccord Genuity Group Inc (TSE:CF) has declined 4.92% since April 1, 2016 and is downtrending. It has underperformed by 6.88% the S&P500.
The move comes after 5 months positive chart setup for the $389.50 million company. It was reported on Nov, 7 by Barchart.com. We have $9.06 PT which if reached, will make TSE:CF worth $556.99 million more.

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 $17.40 average target is 366.49% above today’s ($3.73) stock price. Canaccord Financial Inc. has been the topic of 11 analyst reports since October 23, 2015 according to StockzIntelligence Inc. National Bank Canada upgraded the stock to “Outperform” rating in Friday, May 6 report. The company was maintained on Friday, June 3 by Scotia Capital. The firm has “Sector Perform” rating given on Friday, November 6 by National Bank Canada. Scotia Capital maintained Canaccord Genuity Group Inc (TSE:CF) on Wednesday, November 2 with “Outperform” rating. As per Tuesday, February 9, the company rating was downgraded by TD Securities.

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 $389.50 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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