Canaccord Genuity Group (TSE:CF) Sets New 52-Week High – Still a Buy?

Shares of Canaccord Genuity Group Inc. (TSE:CF) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$10.32 and last traded at C$10.22, with a volume of 95874 shares. The stock had previously closed at C$9.90.

Wall Street Analyst Weigh In

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

Canaccord Genuity Group Stock Performance

The firm has a market cap of C$986.03 million, a price-to-earnings ratio of -99.00, a PEG ratio of 0.54 and a beta of 1.61. The stock’s fifty day moving average is C$9.03 and its two-hundred day moving average is C$8.81. 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 earnings results on Thursday, August 8th. The financial services provider reported C$0.13 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.08). Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. The business had revenue of C$428.17 million for the quarter, compared to the consensus estimate of C$424.52 million. On average, analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 30th were given a $0.085 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.34 dividend on an annualized basis and a yield of 3.33%. Canaccord Genuity Group’s dividend payout ratio (DPR) 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.