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Canaccord Genuity Group (TSE:CF) has been downgraded to Hold by TD Securities.

Canaccord Genuity Group (TSE:CF) has been downgraded to Hold by TD Securities.

According to a report by BayStreet.CA, analysts at TD Securities assigned a rating of “hold” to shares of Canaccord Genuity Group (TSE: CF) in a research note published on Tuesday. The previous recommendation of “buy” has been replaced with this one, which is a downgrade. In addition, they have decided that the stock of the company that offers financial services should reach a price target of eleven dollars (Canadian) shortly. According to the price target that TD Securities provided, there is a possibility that the current price of the stock will go down by up to 0.63 percent shortly.

Several research companies have recently published their findings on the subject of CF. For example, in a report published on October 26, Raymond James lowered the “outperform” rating they had previously assigned to Canaccord Genuity Group and lowered the price objective that they had previously assigned to the company from C$10.50 to C$9.50. In addition, Canaccord Genuity Group was the subject of an announcement made by Cormark in a research report published on Tuesday, October 25. The company stated that they would be lowering their target price for the company from C$13.00 to C$12.50.

Canaccord Genuity Group saw its share price drop by C$0.08 on Tuesday, bringing it to a new all-time low of C$11.07 per share. Today, only 807,821 shares were traded, significantly less than the average of 1,005,383 shares. The price-to-earnings ratio for the company is 10.44, and its market value is in the neighborhood of 1.10 billion Canadian dollars. Canaccord Genuity Group hit an all-time low of $6.24 during its 52-week trading period, while the company reached an all-time high of $16.05 during the same period. The moving average of the company’s stock price over the past 50 days is $7.88, and the moving average over the last 200 days is $7.99. A debt-to-equity ratio of 32.46, a quick ratio of 1.05, and a ratio of 1.16 for current assets to current liabilities are all desirable numbers to have.

On November 2 November 2, 2018, the results of the most recent quarterly financial report prepared by Canaccord Genuity Group (TSE: CF) were disclosed to the public. The provider of financial services reported earnings per share (EPS) of 0.25 Canadian dollars for the quarter, an increase of $0.10 over the analysts’ consensus projection of 0.15 Canadian dollars per share for the quarter. In addition, the company reported sales for the quarter that came in significantly higher than the consensus estimate of C$357.85 million, which stood at C$380.52 million. As a result, sell-side analysts anticipate that Canaccord Genuity Group will have earnings of $1.4900002 per share during the current fiscal year.

Canaccord Genuity Group Inc. is a comprehensive financial services provider that caters to institutional, corporate, and individual clients by providing investment banking and brokerage services in addition to their investment products. These services are offered in addition to the investment products that they offer. Canaccord Genuity Wealth Management and Canaccord Genuity Capital Markets are the two branches that come together to form the Canaccord Genuity business.

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