Canaccord Genuity Group (TSE:CF) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Canaccord Genuity Group Inc. (TSE:CF) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.96 and traded as high as C$13.18. Canaccord Genuity Group shares last traded at C$13.02, with a volume of 65,456 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised their price objective on Canaccord Genuity Group from C$14.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$16.00.

Canaccord Genuity Group Stock Performance

The firm has a market cap of C$1.31 billion, a PE ratio of -5.97, a P/E/G ratio of 0.54 and a beta of 1.41. The firm has a 50-day moving average price of C$12.13 and a two-hundred day moving average price of C$11.96. The company has a quick ratio of 1.05, a current ratio of 1.19 and a debt-to-equity ratio of 200.72.

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. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.