Canaccord Genuity Group (TSE:CF) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Canaccord Genuity Group Inc. (TSE:CF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.42 and traded as high as C$9.81. Canaccord Genuity Group shares last traded at C$9.77, with a volume of 44,676 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TD Securities lifted their price objective on Canaccord Genuity Group from C$10.00 to C$12.00 in a report on Tuesday, November 12th. Cormark boosted their price objective on shares of Canaccord Genuity Group from C$11.50 to C$12.50 in a research report on Tuesday, November 12th. Raymond James upped their target price on shares of Canaccord Genuity Group from C$11.00 to C$13.00 in a research report on Monday, November 11th. Finally, Ventum Financial upped their target price on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a research report on Monday, November 11th.

Canaccord Genuity Group Stock Performance

The stock has a market cap of C$944.47 million, a P/E ratio of -97.70, a PEG ratio of 0.54 and a beta of 1.61. The stock has a fifty day simple moving average of C$10.19 and a 200-day simple moving average of C$9.42. The company has a debt-to-equity ratio of 52.93, a quick ratio of 1.05 and a current ratio of 1.21.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The company had revenue of C$428.64 million during the quarter, compared to the consensus estimate of C$440.60 million. Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 29th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Friday, November 29th. Canaccord Genuity Group’s payout ratio is currently -340.00%.

Canaccord Genuity Group Company Profile

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.