Canaccord Genuity Group (TSE:CF) Price Target Raised to C$19.50

Canaccord Genuity Group (TSE:CF) had its price target lifted by ATB Cormark Capital Markets from C$18.25 to C$19.50 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Separately, Ventum Financial lifted their price target on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Friday, June 5th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$17.50.

Canaccord Genuity Group Price Performance

TSE:CF opened at C$14.79 on Monday. Canaccord Genuity Group has a 52 week low of C$9.78 and a 52 week high of C$15.55. The firm has a market cap of C$1.52 billion, a price-to-earnings ratio of -14.09, a P/E/G ratio of 0.54 and a beta of 1.35. The firm’s 50-day simple moving average is C$14.52 and its 200 day simple moving average is C$13.10. 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 posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported C$0.36 earnings per share (EPS) 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, sell-side analysts predict that Canaccord Genuity Group will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Announces Dividend

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

Insider Activity at Canaccord Genuity Group

In related news, Director Donald Duncan Macfayden sold 29,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of C$14.82, for a total value of C$429,780.00. Following the completion of the transaction, the director owned 161,705 shares of the company’s stock, valued at C$2,396,468.10. The trade was a 15.21% decrease in their ownership of the stock. Insiders own 4.61% of the company’s stock.

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.