TD Securities Boosts Canaccord Genuity Group Inc (TSE:CF) Price Target to C$7.00
Canaccord Genuity Group Inc (TSE:CF) had its price objective increased by TD Securities from C$6.50 to C$7.00 in a report issued on Friday. They currently have a buy rating on the financial services provider’s stock.
Shares of Canaccord Genuity Group (TSE:CF) opened at 5.44 on Friday. Canaccord Genuity Group has a 52 week low of $3.53 and a 52 week high of $6.68. The company has a 50 day moving average price of $5.73 and a 200 day moving average price of $5.07. The company has a market cap of $504.72 million and a PE ratio of 20.15.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.74%.
In related news, Director Dvaipayan Ghose sold 17,500 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of C$5.00, for a total transaction of C$87,500.00. Over the last quarter, insiders have sold 23,546 shares of company stock valued at $116,702.
About Canaccord Genuity Group
Canaccord Genuity Group Inc is a Canada-based independent financial services company. The Company has operations in two principal segments of the securities industry: wealth management and capital markets. The Company’s segments include Canaccord Genuity, Canaccord Genuity Wealth Management, and Corporate and Other.
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