Canaccord Genuity Group Inc. (TSE:CF – Get Rating) – Cormark raised their Q3 2023 earnings estimates for Canaccord Genuity Group in a research note issued on Monday, June 6th. Cormark analyst J. Fenwick now anticipates that the financial services provider will post earnings per share of $0.47 for the quarter, up from their prior forecast of $0.46. Cormark has a “Buy” rating and a $14.50 price target on the stock.
Separately, TD Securities decreased their price objective on shares of Canaccord Genuity Group from C$18.00 to C$14.00 and set a “buy” rating for the company in a research report on Monday.
CF stock opened at C$11.02 on Wednesday. The company has a fifty day moving average price of C$10.95 and a 200-day moving average price of C$13.02. The company has a market capitalization of C$1.10 billion and a P/E ratio of 3.94. Canaccord Genuity Group has a 52-week low of C$9.54 and a 52-week high of C$16.62. The company has a debt-to-equity ratio of 22.23, a quick ratio of 1.05 and a current ratio of 1.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 17th will be issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Thursday, June 16th. Canaccord Genuity Group’s dividend payout ratio is currently 11.07%.
Canaccord Genuity Group Company Profile (Get Rating)
Canaccord Genuity Group Inc, a full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management.
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