Canaccord Genuity Group (TSE:CF) Hits New 1-Year High – Here’s What Happened

Shares of Canaccord Genuity Group Inc. (TSE:CF) reached a new 52-week high on Tuesday . The stock traded as high as C$11.20 and last traded at C$11.15, with a volume of 78237 shares changing hands. The stock had previously closed at C$10.90.

Analyst Ratings Changes

Several brokerages recently issued reports on CF. Ventum Cap Mkts upgraded shares of Canaccord Genuity Group to a “strong-buy” rating in a research report on Monday, August 12th. TD Securities increased their target price on Canaccord Genuity Group from C$10.00 to C$12.00 in a research note on Tuesday, November 12th. Cormark upped their price objective on shares of Canaccord Genuity Group from C$11.50 to C$12.50 in a research report on Tuesday, November 12th. Ventum Financial upped their price target on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a report on Monday, November 11th. Finally, Raymond James lifted their target price on Canaccord Genuity Group from C$11.00 to C$13.00 in a research report on Monday, November 11th.

Canaccord Genuity Group Stock Up 2.8 %

The stock has a market capitalization of C$1.08 billion, a price-to-earnings ratio of -111.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. 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 50 day moving average price of C$9.85 and a 200 day moving average price of C$9.05.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The business had revenue of C$428.64 million during the quarter, compared to analyst estimates of C$440.60 million. Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. As a group, analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be given a $0.085 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.04%. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -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.