Ventum Financial Forecasts Strong Price Appreciation for Canaccord Genuity Group (TSE:CF) Stock

Canaccord Genuity Group (TSE:CF) had its target price hoisted by Ventum Financial from C$10.25 to C$12.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on CF. Raymond James decreased their price target on shares of Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. TD Securities decreased their target price on shares of Canaccord Genuity Group from C$11.00 to C$10.00 in a research report on Tuesday, August 13th. Finally, Ventum Cap Mkts raised shares of Canaccord Genuity Group to a “strong-buy” rating in a research report on Monday, August 12th.

Canaccord Genuity Group Stock Down 0.6 %

Shares of CF stock opened at C$10.19 on Monday. The stock has a 50 day moving average of C$9.33 and a 200-day moving average of C$8.89. The firm has a market cap of C$985.07 million, a PE ratio of -101.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93. Canaccord Genuity Group has a 12 month low of C$6.50 and a 12 month high of C$10.50.

Canaccord Genuity Group (TSE:CF) last released its earnings results on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The company had revenue of C$428.64 million during the quarter, compared to the consensus estimate of C$440.60 million. Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. On average, equities analysts predict that Canaccord Genuity Group will post 0.8618357 EPS for the current year.

Canaccord Genuity Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be paid a $0.085 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.34%. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -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.