Canaccord Genuity Group (TSE:CF) Sets New 12-Month Low at $8.35

Canaccord Genuity Group Inc. (TSE:CFGet Rating)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$8.35 and last traded at C$8.41, with a volume of 731224 shares traded. The stock had previously closed at C$8.49.

A number of equities analysts recently commented on the company. Cormark reduced their price objective on Canaccord Genuity Group from C$22.00 to C$14.50 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. TD Securities reduced their target price on Canaccord Genuity Group from C$18.00 to C$14.00 and set a “buy” rating on the stock in a research report on Monday, June 6th.

The stock has a market capitalization of C$829.26 million and a price-to-earnings ratio of 3.93. The company has a debt-to-equity ratio of 23.02, a quick ratio of 1.05 and a current ratio of 1.15. The company has a 50 day moving average of C$10.36 and a 200 day moving average of C$12.61.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 17th will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $0.34 annualized dividend and a yield of 4.07%. Canaccord Genuity Group’s payout ratio is 14.35%.

Canaccord Genuity Group Company Profile (TSE:CF)

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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