Canaccord Genuity Group (TSE:CF) Sets New 1-Year High – Here’s Why

Canaccord Genuity Group Inc. (TSE:CF) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$15.12 and last traded at C$14.81, with a volume of 475708 shares trading hands. The stock had previously closed at C$14.91.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Ventum Financial upped their price objective 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. TD Securities upped their price objective on shares of Canaccord Genuity Group from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$16.25.

Canaccord Genuity Group Price Performance

The company has a debt-to-equity ratio of 104.59, a current ratio of 1.14 and a quick ratio of 1.05. The company’s 50 day moving average price is C$12.75 and its 200 day moving average price is C$12.20. The firm has a market capitalization of C$1.49 billion, a P/E ratio of -10.21, a PEG ratio of 0.54 and a beta of 1.32.

Canaccord Genuity Group (TSE:CF) last released its quarterly earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 EPS for the quarter. Canaccord Genuity Group had a negative net margin of 5.94% and a negative return on equity of 17.40%. The business had revenue of C$612.69 million for the quarter. As a group, sell-side analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, June 19th. Canaccord Genuity Group’s dividend payout ratio is -23.45%.

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.