Canaccord Genuity Group (TSE:CF) Hits New 52-Week High – What’s Next?

Canaccord Genuity Group Inc. (TSE:CFGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$10.32 and last traded at C$10.22, with a volume of 95874 shares traded. The stock had previously closed at C$9.90.

Analyst Ratings Changes

A number of brokerages have commented on CF. TD Securities lowered their target price on Canaccord Genuity Group from C$11.00 to C$10.00 in a research note on Tuesday, August 13th. Ventum Cap Mkts upgraded Canaccord Genuity Group to a “strong-buy” rating in a report on Monday, August 12th. Finally, Raymond James reduced their target price on shares of Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th.

Read Our Latest Report on CF

Canaccord Genuity Group Price Performance

The company has a debt-to-equity ratio of 52.93, a current ratio of 1.21 and a quick ratio of 1.05. The stock’s 50 day moving average price is C$9.03 and its two-hundred day moving average price is C$8.81. The firm has a market capitalization of C$986.03 million, a price-to-earnings ratio of -99.00, a PEG ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group (TSE:CFGet Free Report) last released its earnings results on Thursday, August 8th. The financial services provider reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.08). The company had revenue of C$428.17 million for the quarter, compared to analyst estimates of C$424.52 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 Inc. will post 0.8618357 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 30th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Friday, August 30th. Canaccord Genuity Group’s payout ratio is presently -340.00%.

Canaccord Genuity Group Company Profile

(Get Free Report)

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.

Further Reading

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