Canaccord Genuity Group (TSE:CF) Price Target Raised to C$16.00 at TD Securities

Canaccord Genuity Group (TSE:CF) had its price target increased by TD Securities from C$14.00 to C$16.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

Canaccord Genuity Group Stock Down 0.8%

Shares of TSE CF opened at C$13.17 on Wednesday. Canaccord Genuity Group has a 12-month low of C$7.45 and a 12-month high of C$13.82. The stock’s fifty day simple moving average is C$11.74 and its two-hundred day simple moving average is C$11.12. The stock has a market capitalization of C$1.31 billion, a PE ratio of -6.04, a price-to-earnings-growth ratio of 0.54 and a beta of 1.25. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 117.91.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings data on Friday, February 13th. The financial services provider reported C$0.18 earnings per share for the quarter. The company had revenue of C$637.86 million for the quarter. Canaccord Genuity Group had a negative return on equity of 2.33% and a negative net margin of 1.33%. As a group, analysts expect that Canaccord Genuity Group will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 10th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.6%. Canaccord Genuity Group’s dividend payout ratio is presently -15.60%.

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.