Canaccord Genuity Group (TSE:CF) Sets New 1-Year High – Should You Buy?

Canaccord Genuity Group Inc. (TSE:CF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$10.68 and last traded at C$10.58, with a volume of 236782 shares. The stock had previously closed at C$10.25.

Analyst Ratings Changes

A number of research analysts have weighed in on CF shares. Raymond James lifted their price objective on shares of Canaccord Genuity Group from C$11.00 to C$13.00 in a report on Monday, November 11th. Ventum Cap Mkts upgraded shares of Canaccord Genuity Group to a “strong-buy” rating in a research report on Monday, August 12th. Cormark increased their price target on Canaccord Genuity Group from C$11.50 to C$12.50 in a report on Tuesday, November 12th. TD Securities boosted their price objective on Canaccord Genuity Group from C$10.00 to C$12.00 in a research note on Tuesday, November 12th. Finally, Ventum Financial raised their target price on Canaccord Genuity Group from C$10.25 to C$12.00 in a research note on Monday, November 11th.

Canaccord Genuity Group Price Performance

The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of -105.80, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 52.93. The stock’s fifty day moving average price is C$9.62 and its 200-day moving average price is C$8.97.

Canaccord Genuity Group (TSE:CF) last posted its earnings results on Thursday, November 7th. The financial services provider reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. The business had revenue of C$428.64 million during the quarter, compared to analysts’ expectations of C$440.60 million. As a group, equities research analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be given a dividend of $0.085 per share. The ex-dividend date is Friday, November 29th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.21%. Canaccord Genuity Group’s payout ratio is currently -340.00%.

About Canaccord Genuity Group

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.