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

Canaccord Genuity Group (TSE:CF) had its price objective increased by Raymond James from C$11.00 to C$13.00 in a report released on Monday morning,BayStreet.CA reports.

CF has been the topic of a number of other reports. Ventum Cap Mkts upgraded shares of Canaccord Genuity Group to a “strong-buy” rating in a research note on Monday, August 12th. TD Securities lowered their price target on shares of Canaccord Genuity Group from C$11.00 to C$10.00 in a report on Tuesday, August 13th. Finally, Ventum Financial raised their price target on Canaccord Genuity Group from C$10.25 to C$12.00 in a research note on Monday.

Canaccord Genuity Group Stock Performance

Shares of TSE CF opened at C$10.10 on Monday. Canaccord Genuity Group has a 1 year low of C$6.50 and a 1 year high of C$10.50. 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 company has a market capitalization of C$976.37 million, a PE ratio of -101.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company’s fifty day moving average price is C$9.20 and its 200 day moving average price is C$8.86.

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 for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The company had revenue of C$428.64 million for the quarter, compared to analyst estimates of C$440.60 million. Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. On average, research analysts predict that Canaccord Genuity Group will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be paid 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 yield of 3.37%. Canaccord Genuity Group’s dividend payout ratio is currently -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.