Should Leaf Group (LFGR) Shares Be Watched After Canaccord Genuity Initiates Coverage?

July 12, 2018 - By Paula Hilliard

Why Has Canaccord Genuity Given Leaf Group (LFGR) a $14 Price Target

Equity analysts at Canaccord Genuity gave a key “Buy” rating for Leaf Group (LFGR). The firm has initiated coverage in a research note made public on Thursday, 12 July. The PT means upside of 27.27 % from the last close price.

The stock decreased 1.79% or $0.2 during the last trading session, reaching $11. About 48,601 shares traded. Leaf Group Ltd. (LFGR) has risen 22.36% since July 12, 2017 and is uptrending. It has outperformed by 9.79% the S&P500.

Leaf Group Ltd., together with its subsidiaries, operates as a diversified consumer Internet firm worldwide. The company has market cap of $258.55 million. The firm operates in two divisions, Marketplaces and Media. It currently has negative earnings. The Marketplaces segment offers, which provides artists with an online commerce platform to feature and sell their original art and creates on consumer products in the home décor, accessories, and apparel categories; and Deny Designs, an artist-driven home décor brand.

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