Weekly Analysts’ Ratings Updates for Canaccord Genuity Group (CF)

Canaccord Genuity Group (TSE: CF) recently received a number of ratings updates from brokerages and research firms:

• 11/12/2024 – Canaccord Genuity Group had its price target raised by analysts at Cormark from C$11.50 to C$12.50.
• 11/12/2024 – Canaccord Genuity Group had its price target raised by analysts at TD Securities from C$10.00 to C$12.00.
• 11/11/2024 – Canaccord Genuity Group had its price target raised by analysts at Raymond James from C$11.00 to C$13.00.
• 11/11/2024 – Canaccord Genuity Group had its price target raised by analysts at Ventum Financial from C$10.25 to C$12.00.

Canaccord Genuity Group Price Performance

The firm has a 50-day moving average price of C$9.24 and a 200-day moving average price of C$8.87. Canaccord Genuity Group Inc. has a 12 month low of C$6.50 and a 12 month high of C$10.50. The firm has a market cap of C$967.67 million, a P/E ratio of -100.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 52.93, a current ratio of 1.21 and a quick ratio of 1.05.

Canaccord Genuity Group (TSE:CF) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$428.64 million during the quarter, compared to analyst estimates of C$440.60 million. Sell-side analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Announces Dividend

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

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.