Canaccord Genuity Group (TSE:CF) Sets New 12-Month High – Here’s What Happened

Canaccord Genuity Group Inc. (TSE:CF)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$10.68 and last traded at C$10.58, with a volume of 236782 shares traded. The stock had previously closed at C$10.25.

Analysts Set New Price Targets

CF has been the topic of a number of research reports. TD Securities raised their price target on Canaccord Genuity Group from C$10.00 to C$12.00 in a research report on Tuesday, November 12th. Ventum Cap Mkts raised Canaccord Genuity Group to a “strong-buy” rating in a report on Monday, August 12th. Cormark boosted their target price on Canaccord Genuity Group from C$11.50 to C$12.50 in a research report on Tuesday, November 12th. Ventum Financial increased their price target on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a research report on Monday, November 11th. Finally, Raymond James lifted their price target on shares of Canaccord Genuity Group from C$11.00 to C$13.00 in a research note on Monday, November 11th.

Canaccord Genuity Group Stock 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 stock has a market capitalization of C$1.02 billion, a P/E ratio of -105.80, a P/E/G ratio of 0.54 and a beta of 1.61. The business has a fifty day moving average price of C$9.62 and a 200-day moving average price of C$8.97.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share 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 company had revenue of C$428.64 million for the quarter, compared to the consensus estimate of C$440.60 million. On average, sell-side analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, November 29th. 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.