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

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on CF shares. Raymond James upped their price target on shares of Canaccord Genuity Group from C$11.00 to C$13.00 in a report on Monday, November 11th. Ventum Financial increased their price objective on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a research report on Monday, November 11th. TD Securities raised their target price on shares of Canaccord Genuity Group from C$10.00 to C$12.00 in a research note on Tuesday, November 12th. 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 Stock Down 4.2 %

The firm has a 50 day moving average of C$10.07 and a 200 day moving average of C$9.47. The firm has a market cap of C$891.30 million, a price-to-earnings ratio of -92.20, a PEG ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. The firm had revenue of C$428.64 million for the quarter, compared to the consensus estimate of C$440.60 million. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.34 annualized dividend and a dividend yield of 3.69%. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -340.00%.

About Canaccord Genuity Group

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.