Canaccord Genuity Group (TSE:CF) Sets New 52-Week High – Time to Buy?

Canaccord Genuity Group Inc. (TSE:CF)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$11.88 and last traded at C$11.77, with a volume of 79690 shares changing hands. The stock had previously closed at C$10.24.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised Canaccord Genuity Group from a “hold” rating to a “buy” rating and lifted their target price for the company from C$10.00 to C$12.00 in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Canaccord Genuity Group currently has a consensus rating of “Buy” and an average target price of C$12.38.

Canaccord Genuity Group Stock Performance

The stock has a market capitalization of C$1.17 billion, a P/E ratio of -17.97, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43. The company has a 50 day simple moving average of C$10.32 and a 200-day simple moving average of C$9.80. The company has a debt-to-equity ratio of 117.91, a current ratio of 1.23 and a quick ratio of 1.05.

Canaccord Genuity Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, September 10th were paid a $0.085 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.34 annualized dividend and a dividend yield of 2.9%. Canaccord Genuity Group’s payout ratio is presently -52.31%.

Canaccord Genuity Group Company Profile

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.