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

Canaccord Genuity Group (TSE:CF) had its price objective hoisted by TD Securities from C$10.00 to C$12.00 in a report released on Tuesday morning,BayStreet.CA reports.

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

Canaccord Genuity Group Trading Up 1.1 %

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

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of C$440.60 million. As a group, analysts anticipate that Canaccord Genuity Group will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed 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. This represents a $0.34 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, November 29th. Canaccord Genuity Group’s dividend payout ratio is presently -340.00%.

About Canaccord Genuity Group

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.