Canaccord Genuity Group (TSE:CF) Stock Price Down 6.4% – Should You Sell?

Canaccord Genuity Group Inc. (TSE:CF) traded down 6.4% during mid-day trading on Wednesday . The stock traded as low as C$8.62 and last traded at C$9.00. 126,802 shares were traded during trading, a decline of 31% from the average session volume of 183,227 shares. The stock had previously closed at C$9.62.

Wall Street Analyst Weigh In

CF has been the subject of a number of research reports. Raymond James increased their price target on shares of Canaccord Genuity Group from C$11.00 to C$13.00 in a research note on Monday, November 11th. TD Securities upped their target price on shares of Canaccord Genuity Group from C$10.00 to C$12.00 in a research report on Tuesday, November 12th. Ventum Financial increased their target price on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a research report on Monday, November 11th. Finally, Cormark lifted their target price on shares of Canaccord Genuity Group from C$11.50 to C$12.50 in a research report on Tuesday, November 12th.

Canaccord Genuity Group Price Performance

The stock has a fifty day moving average of C$10.07 and a two-hundred day moving average of C$9.47. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93. The stock has a market cap of C$891.30 million, a price-to-earnings ratio of -92.20, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The business had revenue of C$428.64 million for the quarter, compared to analyst estimates of C$440.60 million. Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. On average, equities research analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 29th were given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, November 29th. Canaccord Genuity Group’s payout ratio is -340.00%.

Canaccord Genuity Group Company Profile

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.