Canaccord Genuity Group (TSE:CF) Stock Price Expected to Rise, Ventum Financial Analyst Says

Canaccord Genuity Group (TSE:CF) had its price objective lifted by Ventum Financial from C$10.25 to C$12.00 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the stock. Raymond James dropped their price objective on shares of Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. TD Securities lowered their target price on shares of Canaccord Genuity Group from C$11.00 to C$10.00 in a research note on Tuesday, August 13th. Finally, Ventum Cap Mkts raised shares of Canaccord Genuity Group to a “strong-buy” rating in a research note on Monday, August 12th.

Canaccord Genuity Group Price Performance

Shares of TSE CF opened at C$10.25 on Monday. The firm has a 50-day simple moving average of C$9.29 and a 200-day simple moving average of C$8.88. The stock has a market capitalization of C$990.87 million, a price-to-earnings ratio of -102.50, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93. Canaccord Genuity Group has a 52 week low of C$6.50 and a 52 week high of C$10.50.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. The firm had revenue of C$428.64 million during the quarter, compared to analysts’ expectations of C$440.60 million. On average, equities analysts predict that Canaccord Genuity Group will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.34 annualized dividend and a dividend yield of 3.32%. Canaccord Genuity Group’s dividend payout ratio is presently -340.00%.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.