Shares of Canaccord Genuity Group Inc. (TSE:CF – Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$13.92 and traded as high as C$14.32. Canaccord Genuity Group shares last traded at C$13.95, with a volume of 115,758 shares.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on CF shares. ATB Cormark Capital Markets lifted their price target on shares of Canaccord Genuity Group from C$18.25 to C$19.50 and gave the company an “outperform” rating in a research report on Monday, August 10th. Raymond James Financial downgraded Canaccord Genuity Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 10th. Finally, TD lifted their price objective on Canaccord Genuity Group from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$17.50.
Canaccord Genuity Group Stock Up 0.8%
The company has a debt-to-equity ratio of 179.85, a quick ratio of 1.05 and a current ratio of 8.03. The firm’s 50-day moving average is C$13.92 and its 200 day moving average is C$13.31. The firm has a market capitalization of C$1.42 billion, a PE ratio of -13.29, a price-to-earnings-growth ratio of 0.54 and a beta of 1.41.
Canaccord Genuity Group (TSE:CF – Get Free Report) last posted 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 net margin of 3.95% and a negative return on equity of 12.68%. The firm had revenue of C$577.43 million during the quarter. As a group, research analysts forecast that Canaccord Genuity Group Inc. will post 0.86 earnings per share for the current fiscal year.
Canaccord Genuity Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, August 28th. Canaccord Genuity Group’s dividend payout ratio (DPR) is -33.81%.
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.
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