Canaccord Genuity Group (TSE:CF) PT Lowered to C$8.00 at TD Securities

Canaccord Genuity Group (TSE:CF) had its target price trimmed by TD Securities from C$9.50 to C$8.00 in a report issued on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the financial services provider’s stock.

CF has been the subject of several other research reports. Royal Bank of Canada lowered their price target on shares of Canaccord Genuity Group from C$48.00 to C$44.00 and set a sector perform rating for the company in a research report on Friday, November 1st. Echelon Wealth Partners reaffirmed a buy rating on shares of Canaccord Genuity Group in a research report on Tuesday, July 30th.

Shares of CF traded down C$0.17 during mid-day trading on Friday, hitting C$4.82. The company’s stock had a trading volume of 233,791 shares, compared to its average volume of 187,108. The company’s 50-day moving average is C$5.31 and its 200-day moving average is C$5.38. Canaccord Genuity Group has a 52-week low of C$4.80 and a 52-week high of C$7.09. The firm has a market capitalization of $595.54 million and a price-to-earnings ratio of 9.11. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 40.96.

The company 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 dividend of $0.05 per share. The ex-dividend date is Thursday, November 28th. This represents a $0.20 dividend on an annualized basis and a yield of 4.15%. Canaccord Genuity Group’s payout ratio is 7.56%.

About Canaccord Genuity Group

Canaccord Genuity Group Inc, an independent and 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 and Canaccord Genuity Wealth Management.

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