Canaccord Genuity Group Inc's stock experienced a modest decline today but remains up for the week, driven by recent acquisition news.
Canaccord Genuity Group Inc (CF.TO) closed at C$14.23, down 0.95% on the day but up 1.40% over the past week. The recent acquisition of EFG Harris Allday through its UK wealth management business has drawn investor attention, influencing market sentiment.
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Canaccord Genuity Group Inc
CF.TO
CF.TO
Canaccord Genuity Group Inc
WealthAwesomeMarket cap
$1.51B
Div. yield
2.51%
Div. / share
$0.37
52W high
$15.45
52W low
$9.60
1W change
+1.40%
Beta
1.69
Analyst Price Targets
Based on analyst covering CF
Wall Street analysts forecast CF stock price to rise 20.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$17.50
+20.4% Upside
Current Price
C$14.53
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CF's historical volatility
30-Day Vol
28.5%
Annualized
90-Day Vol
29.7%
Annualized
Trend (90d)
+34.6%
Annualized drift
90d Mean
C$16.44
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$15.14 | C$13.72 โ C$16.71 |
| 60 trading days | C$15.78 | C$13.73 โ C$18.14 |
| 90 trading days | C$16.44 | C$13.86 โ C$19.50 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should consider the implications of Canaccord's recent acquisition and its potential impact on future growth, especially given the company's current financial metrics.
Stock Up 31.14% Year-To-Date
Despite recent fluctuations, Canaccord Genuity has shown strong year-to-date performance, indicating investor confidence in its long-term prospects.
Bull case
The acquisition could enhance Canaccord's services and expand its client base in the UK. This growth may lead to increased revenue and profitability over time.
Bear case
However, concerns about the company's current negative profit margin and return on equity might overshadow the potential benefits of the acquisition, especially if there are challenges during integration.
Recent Price Action
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Canaccord Genuity Group Inc's stock price closed at C$14.23, reflecting a decline of 0.95% today. Over the past week, the stock has gained 1.40%, and it has increased by 0.90% in the last month. Year-to-date, the stock has risen an impressive 31.14%, indicating strong performance despite today's dip.
Company News
On August 18, Canaccord Genuity announced the acquisition of EFG Harris Allday through its wealth management business in the UK and Crown Dependencies. This strategic move aims to expand Canaccord's market presence and enhance its service offerings, which may positively impact its growth trajectory.
Technical Picture
Canaccord Genuity's stock is currently trading below its 50-day moving average of C$14.59 by 2.4%, while it is above its 200-day moving average of C$12.76 by 11.5%. The stock has a 52-week range of C$9.60 to C$15.45, indicating it is currently trading at 79% of its range. The stock has a beta of 1.69, suggesting it is more volatile than the market, and the latest trading volume of 15,458 shares is significantly lower than the 20-day average volume of 254,430 shares, indicating reduced trading activity.
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