Canaccord Genuity Group (TSE:CF) Price Target Raised to C$12.00

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

Several other equities analysts have also commented on the company. Ventum Cap Mkts raised Canaccord Genuity Group to a “strong-buy” rating in a research report on Monday, August 12th. Ventum Financial increased their target price on Canaccord Genuity Group from C$10.25 to C$12.00 in a research note on Monday. Finally, Raymond James raised their price target on shares of Canaccord Genuity Group from C$11.00 to C$13.00 in a research report on Monday.

Canaccord Genuity Group Price Performance

Shares of CF stock opened at C$10.19 on Tuesday. The company has a debt-to-equity ratio of 52.93, a quick ratio of 1.05 and a current ratio of 1.21. Canaccord Genuity Group has a fifty-two week low of C$6.50 and a fifty-two week high of C$10.50. The firm has a market cap of C$985.07 million, a P/E ratio of -101.90, a P/E/G ratio of 0.54 and a beta of 1.61. The business’s 50 day moving average price is C$9.33 and its 200-day moving average price is C$8.89.

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

Canaccord Genuity Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be given 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 3.34%. Canaccord Genuity Group’s dividend payout ratio (DPR) 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.