A Reversal for Canaccord Genuity Group Inc Is Not Near. The Stock Declines Again

 A Reversal for Canaccord Genuity Group Inc Is Not Near. The Stock Declines Again

The stock of Canaccord Genuity Group Inc (TSE:CF) is a huge mover today! About 48,503 shares traded hands. Canaccord Genuity Group Inc (TSE:CF) has risen 2.89% since April 12, 2016 and is uptrending. It has underperformed by 1.80% the S&P500.
The move comes after 5 months negative chart setup for the $426.45 million company. It was reported on Nov, 16 by Barchart.com. We have $3.29 PT which if reached, will make TSE:CF worth $59.70 million 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 $17.40 average target is 355.50% above today’s ($3.82) stock price. Canaccord Financial Inc. has been the topic of 11 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The stock of Canaccord Genuity Group Inc (TSE:CF) earned “Outperform” rating by National Bank Canada on Friday, May 6. The stock of Canaccord Genuity Group Inc (TSE:CF) has “Hold” rating given on Tuesday, February 9 by TD Securities. The firm has “Outperform” rating given on Wednesday, November 2 by Scotia Capital. On Friday, June 3 the stock rating was maintained by Scotia Capital with “Outperform”. The stock of Canaccord Genuity Group Inc (TSE:CF) earned “Sector Perform” rating by National Bank Canada on Friday, November 6.

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

Canaccord Genuity Group Inc. is a Canada independent financial services company. The company has a market cap of $426.45 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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