Canaccord Genuity Group (TSE:CF) Price Target Raised to C$18.00

Canaccord Genuity Group (TSE:CF) had its target price hoisted by TD from C$16.00 to C$18.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. TD currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. ATB Cormark Capital Markets upped their price objective on shares of Canaccord Genuity Group from C$18.25 to C$19.50 and gave the stock an “outperform” rating in a research report on Monday. Ventum Financial boosted their target price on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, Raymond James Financial downgraded shares of Canaccord Genuity Group from a “strong-buy” rating to an “outperform” rating in a research report on Monday. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Canaccord Genuity Group has a consensus rating of “Buy” and a consensus price target of C$17.50.

Canaccord Genuity Group Stock Down 0.1%

CF opened at C$14.77 on Tuesday. The company has a fifty day moving average of C$14.55 and a two-hundred day moving average of C$13.12. The stock has a market capitalization of C$1.52 billion, a price-to-earnings ratio of -14.07, a PEG ratio of 0.54 and a beta of 1.35. Canaccord Genuity Group has a fifty-two week low of C$9.78 and a fifty-two week high of C$15.55. The company has a debt-to-equity ratio of 179.85, a quick ratio of 1.05 and a current ratio of 8.03.

Canaccord Genuity Group (TSE:CF) last announced its earnings results on Thursday, August 6th. The financial services provider reported C$0.36 earnings per share for the quarter. Canaccord Genuity Group had a negative return on equity of 12.68% and a negative net margin of 3.95%.The business had revenue of C$577.43 million during the quarter. On average, research analysts expect that Canaccord Genuity Group will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.10 dividend. The ex-dividend date was Friday, June 19th. This represents a $0.40 dividend on an annualized basis and a yield of 2.7%. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -33.81%.

Insider Transactions at Canaccord Genuity Group

In other Canaccord Genuity Group news, Director Donald Duncan Macfayden sold 20,000 shares of Canaccord Genuity Group stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of C$14.59, for a total transaction of C$291,800.00. Following the sale, the director owned 141,705 shares of the company’s stock, valued at C$2,067,475.95. The trade was a 12.37% decrease in their position. 4.61% of the stock is currently owned by company insiders.

About Canaccord Genuity Group

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.