Canaccord Genuity Group (TSE:CF) Sets New 1-Year High – What’s Next?

Canaccord Genuity Group Inc. (TSE:CF) shares hit a new 52-week high on Monday . The company traded as high as C$10.50 and last traded at C$10.42, with a volume of 10793 shares traded. The stock had previously closed at C$10.30.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CF shares. Ventum Cap Mkts upgraded shares of Canaccord Genuity Group to a “strong-buy” rating in a report on Monday, August 12th. TD Securities increased their target price on shares of Canaccord Genuity Group from C$10.00 to C$12.00 in a research report on Tuesday, November 12th. Raymond James raised their price objective on shares of Canaccord Genuity Group from C$11.00 to C$13.00 in a research report on Monday, November 11th. Cormark raised their price objective on Canaccord Genuity Group from C$11.50 to C$12.50 in a research note on Tuesday, November 12th. Finally, Ventum Financial raised their target price on Canaccord Genuity Group from C$10.25 to C$12.00 in a research report on Monday, November 11th.

Canaccord Genuity Group Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93. The firm has a fifty day moving average price of C$9.37 and a two-hundred day moving average price of C$8.90. The stock has a market capitalization of C$1.01 billion, a P/E ratio of -103.90, a P/E/G ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group (TSE:CF) last issued its earnings results on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share (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 for the quarter, compared to the consensus estimate of C$440.60 million. On average, analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The company also recently declared 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 3.25%. Canaccord Genuity Group’s 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.