Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above Two Hundred Day Moving Average of $7.70

Canaccord Genuity Group Inc. (TSE:CF) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.70 and traded as high as C$8.74. Canaccord Genuity Group shares last traded at C$8.71, with a volume of 64,981 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities raised Canaccord Genuity Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$8.50 to C$10.00 in a report on Friday, February 9th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$10.29.

Canaccord Genuity Group Price Performance

The firm has a market capitalization of C$899.27 million, a price-to-earnings ratio of -29.33, a P/E/G ratio of 0.54 and a beta of 1.62. The company has a fifty day moving average price of C$8.40 and a two-hundred day moving average price of C$7.71. The company has a quick ratio of 1.05, a current ratio of 1.24 and a debt-to-equity ratio of 41.38.

Canaccord Genuity Group (TSE:CF) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported C$0.20 earnings per share for the quarter, beating the consensus estimate of C$0.13 by C$0.07. The business had revenue of C$389.14 million during the quarter. Canaccord Genuity Group had a positive return on equity of 1.90% and a negative net margin of 0.98%. On average, equities research analysts expect that Canaccord Genuity Group Inc. will post 1.0193705 EPS for the current fiscal year.

Canaccord Genuity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Thursday, February 29th. Canaccord Genuity Group’s payout ratio is currently -113.33%.

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.