Time to Buy Canaccord Genuity Group Inc After Today’s Huge Increase?

 Time to Buy Canaccord Genuity Group Inc After Today's Huge Increase?

The stock of Canaccord Genuity Group Inc (TSE:CF) is a huge mover today! About 17,224 shares traded hands. Canaccord Genuity Group Inc (TSE:CF) has declined 3.85% since April 27, 2016 and is downtrending. It has underperformed by 9.77% the S&P500.
The move comes after 9 months positive chart setup for the $477.26M company. It was reported on Dec, 1 by Barchart.com. We have $4.40 PT which if reached, will make TSE:CF worth $33.41 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 323.36% above today’s ($4.11) stock price. Canaccord Financial Inc. has been the topic of 11 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Scotia Capital on Wednesday, November 2 with “Outperform”. The stock of Canaccord Genuity Group Inc (TSE:CF) has “Outperform” rating given on Friday, May 6 by National Bank Canada. TD Securities downgraded Canaccord Genuity Group Inc (TSE:CF) on Tuesday, February 9 to “Hold” rating. Scotia Capital maintained the shares of CF in a report on Friday, June 3 with “Outperform” rating. National Bank Canada maintained it with “Sector Perform” rating and $34 target price in Friday, November 6 report.

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 $477.26 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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