Canaccord Genuity Expands Australian Presence with Wilsons Advisory Acquisition

Canaccord Genuity ( (TSE:CF) ) has provided an update.

Canaccord Genuity Group Inc., through its Australian operation, has announced the acquisition of Wilsons Advisory, a premier Australian financial services firm. This strategic move significantly expands Canaccord’s wealth management and capital markets capabilities in Australia, positioning the combined entity as a leading integrated firm with a substantial platform for growth. The acquisition is expected to enhance the company’s value proposition and product offerings, benefiting both clients and professionals by providing greater scale, broader capabilities, and a stronger platform for long-term growth.

The most recent analyst rating on (TSE:CF) stock is a Hold with a C$10.50 price target. To see the full list of analyst forecasts on Canaccord Genuity stock, see the TSE:CF Stock Forecast page.

Spark’s Take on TSE:CF Stock

According to Spark, TipRanks’ AI Analyst, TSE:CF is a Neutral.

The overall stock score reflects mixed financial performance with recent improvements in revenue and cash flow but ongoing profitability challenges. Technical indicators suggest bearish momentum, and valuation metrics highlight earnings concerns. Positive earnings call highlights in Wealth Management provide some optimism.

To see Spark’s full report on TSE:CF stock, click here.

More about Canaccord Genuity

Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm operating in the wealth management and capital markets sectors. Established in 1950, the company is committed to building lasting client relationships through comprehensive investment solutions, brokerage services, and investment banking services.

Average Trading Volume: 147,426

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$1.04B

See more insights into CF stock on TipRanks’ Stock Analysis page.