Canaccord Genuity Group (TSE:CF) Share Price Passes Above 200 Day Moving Average of $7.70

Canaccord Genuity Group Inc. (TSE:CF)’s stock price crossed 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 changing hands.

Analysts Set New Price Targets

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

Canaccord Genuity Group Trading Up 0.6 %

The company has a market cap of C$899.27 million, a PE ratio of -29.33, a P/E/G ratio of 0.54 and a beta of 1.62. The stock’s 50 day moving average is C$8.40 and its 200-day moving average is 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 released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.07. The company had revenue of C$389.14 million for the quarter. Canaccord Genuity Group had a negative net margin of 0.98% and a positive return on equity of 1.90%. As a group, sell-side analysts anticipate that Canaccord Genuity Group Inc. will post 1.0193705 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Thursday, February 29th. Canaccord Genuity Group’s payout ratio is -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.