Canaccord Genuity Group (TSE:CF) Price Target Increased to C$11.50 by Analysts at Cormark

Canaccord Genuity Group (TSE:CF) had its price target lifted by Cormark from C$10.25 to C$11.50 in a report released on Friday, BayStreet.CA reports.

Separately, TD Securities boosted their price objective on shares of Canaccord Genuity Group from C$10.00 to C$11.00 in a research note on Friday.

Canaccord Genuity Group Stock Performance

Shares of Canaccord Genuity Group stock opened at C$8.53 on Friday. The company has a market capitalization of C$871.68 million, a PE ratio of -28.43, a P/E/G ratio of 0.54 and a beta of 1.65. The company has a 50-day simple moving average of C$8.81 and a two-hundred day simple moving average of C$8.09. Canaccord Genuity Group has a one year low of C$6.50 and a one year high of C$9.50. The company has a debt-to-equity ratio of 41.38, a quick ratio of 1.05 and a current ratio of 1.24.

Canaccord Genuity Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 21st will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Friday, June 21st. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -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.