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

Canaccord Genuity Group (TSE:CF) had its target price increased by TD Securities from C$10.00 to C$12.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the stock. Raymond James boosted their price objective on shares of Canaccord Genuity Group from C$11.00 to C$13.00 in a research note on Monday, November 11th. Ventum Financial boosted their price objective on Canaccord Genuity Group from C$10.25 to C$12.00 in a research note on Monday, November 11th. Finally, Ventum Cap Mkts upgraded Canaccord Genuity Group to a “strong-buy” rating in a research note on Monday, August 12th.

Canaccord Genuity Group Stock Up 1.1 %

Shares of TSE CF opened at C$10.30 on Tuesday. The firm’s 50 day moving average price is C$9.37 and its 200 day moving average price is C$8.90. The company has a debt-to-equity ratio of 52.93, a quick ratio of 1.05 and a current ratio of 1.21. The firm has a market cap of C$995.70 million, a P/E ratio of -103.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. Canaccord Genuity Group has a 1 year low of C$6.50 and a 1 year high of C$10.50.

Canaccord Genuity Group (TSE:CF) last posted its quarterly earnings results on Thursday, November 7th. The financial services provider reported C$0.20 EPS for the quarter, missing the consensus estimate 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 business had revenue of C$428.64 million during the quarter, compared to analysts’ expectations of C$440.60 million. As a group, sell-side analysts anticipate that Canaccord Genuity Group will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.085 per share. The ex-dividend date is Friday, November 29th. This represents a $0.34 annualized dividend and a yield of 3.30%. Canaccord Genuity Group’s payout ratio is -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.