Canaccord Genuity Group (TSE:CF) Stock Rating Upgraded by TD Securities

Key Points

• Canaccord Genuity Group has been upgraded by TD Securities from a "hold" to a "buy" rating, with a new target price of C$12.00.
• The upgrade suggests a potential upside of 21.58% from the company's previous close of C$9.87.
• The company reports a market capitalization of C$1.01 billion and has a PE ratio of -41.35.

TD Securities upgraded shares of Canaccord Genuity Group (TSE:CF - Free Report) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning, Marketbeat Ratings reports. They currently have C$12.00 price objective on the financial services provider's stock, up from their previous price objective of C$10.00.

Canaccord Genuity Group Stock Down 1.1%

Shares of TSE:CF traded down C$0.11 during midday trading on Tuesday, hitting C$10.21. 114,168 shares of the company's stock traded hands, compared to its average volume of 150,873. Canaccord Genuity Group has a twelve month low of C$7.45 and a twelve month high of C$11.50. The company has a market cap of C$1.05 billion, a PE ratio of -42.78, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 117.91, a quick ratio of 1.05 and a current ratio of 1.23. The firm's fifty day moving average price is C$10.36 and its two-hundred day moving average price is C$9.25.

Canaccord Genuity Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, September 10th will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Canaccord Genuity Group's dividend payout ratio is -142.45%.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management.