Raymond James Cuts Canaccord Genuity Group (TSE:CF) Price Target to C$10.00

Canaccord Genuity Group (TSE:CF) had its price target trimmed by Raymond James from C$11.00 to C$10.00 in a report published on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the financial services provider’s stock. Raymond James also issued estimates for Canaccord Genuity Group’s Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $0.96 EPS.

Several other research firms also recently weighed in on CF. Ventum Cap Mkts upgraded Canaccord Genuity Group to a strong-buy rating in a research note on Monday, August 12th. Cormark lifted their price target on Canaccord Genuity Group from C$10.25 to C$11.50 in a research report on Friday, June 7th. Finally, TD Securities cut their price objective on shares of Canaccord Genuity Group from C$11.00 to C$10.00 in a research report on Tuesday, August 13th.

Canaccord Genuity Group Stock Up 0.2 %

Shares of TSE:CF opened at C$8.07 on Wednesday. The stock’s 50-day moving average is C$8.60 and its 200 day moving average is C$8.53. The company has a market cap of C$824.67 million, a PE ratio of -26.90, a P/E/G ratio of 0.54 and a beta of 1.65. The company has a debt-to-equity ratio of 41.38, a current ratio of 1.24 and a quick ratio of 1.05. Canaccord Genuity Group has a 1 year low of C$6.50 and a 1 year high of C$9.63.

Canaccord Genuity Group (TSE:CF) last announced its earnings results on Wednesday, June 5th. The financial services provider reported C$0.15 earnings per share 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 company had revenue of C$409.05 million for the quarter, compared to the consensus estimate of C$421.00 million. Sell-side analysts anticipate that Canaccord Genuity Group will post 1.0202475 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 30th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, August 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.21%. Canaccord Genuity Group’s payout ratio is currently -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.