TD Securities Trims Canaccord Genuity Group (TSE:CF) Target Price to C$10.00

Canaccord Genuity Group (TSE:CF) had its price objective trimmed by TD Securities from C$11.00 to C$10.00 in a research report report published on Tuesday, BayStreet.CA reports.

Separately, Cormark upped their target price on Canaccord Genuity Group from C$10.25 to C$11.50 in a report on Friday, June 7th.

Canaccord Genuity Group Price Performance

TSE CF opened at C$8.05 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.05 and a debt-to-equity ratio of 41.38. Canaccord Genuity Group has a 1 year low of C$6.50 and a 1 year high of C$9.63. The company has a market cap of C$822.63 million, a PE ratio of -26.83, a PEG ratio of 0.54 and a beta of 1.65. The stock’s 50-day moving average price is C$8.61 and its two-hundred day moving average price is C$8.53.

Canaccord Genuity Group (TSE:CF) last released its quarterly earnings results on Wednesday, June 5th. The financial services provider reported C$0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.05). Canaccord Genuity Group had a negative net margin of 0.98% and a positive return on equity of 1.90%. The firm had revenue of C$409.05 million for the quarter, compared to analyst estimates of C$421.00 million. On average, analysts predict that Canaccord Genuity Group will post 1.0202475 EPS for the current year.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 30th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.34 dividend on an annualized basis and a yield of 4.22%. Canaccord Genuity Group’s payout ratio is -113.33%.

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.