TD Securities Raises Canaccord Genuity Group Inc (TSE:CF) Price Target to C$6.50

Canaccord Genuity Group Inc (TSE:CF) had its price target boosted by investment analysts at TD Securities from C$6.00 to C$6.50 in a note issued to investors on Thursday, July 6th. The firm currently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective suggests a potential upside of 3.67% from the stock’s previous close.

Separately, Scotiabank restated a “sector perform” rating on shares of Canaccord Genuity Group in a research report on Thursday, March 30th.

Canaccord Genuity Group (CF) opened at 6.27 on Thursday. The firm’s 50-day moving average is $5.38 and its 200-day moving average is $4.95. The stock has a market capitalization of $581.72 million and a P/E ratio of 23.22. Canaccord Genuity Group has a 52 week low of $3.53 and a 52 week high of $6.68.

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In other Canaccord Genuity Group news, Director Dvaipayan Ghose sold 17,500 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of C$5.00, for a total value of C$87,500.00. Insiders sold 23,546 shares of company stock worth $116,702 over the last quarter.

About Canaccord Genuity Group

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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