Canaccord Genuity Group (TSE:CF) Reaches New 12-Month High – Time to Buy?

Canaccord Genuity Group Inc. (TSE:CF)’s share price hit a new 52-week high during 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 changing hands. The stock had previously closed at C$10.25.

Analyst Upgrades and Downgrades

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

Canaccord Genuity Group Trading Up 1.1 %

The company has a market cap of C$1.05 billion, a P/E ratio of -108.30, a P/E/G ratio of 0.54 and a beta of 1.61. The business’s 50-day moving average price is C$9.66 and its 200 day moving average price is C$8.99. The company has a debt-to-equity ratio of 52.93, a quick ratio of 1.05 and a current ratio of 1.21.

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

Canaccord Genuity Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, November 29th. Canaccord Genuity Group’s dividend payout ratio is -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.