Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Canaccord Genuity Group Inc. (TSE:CF)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.44 and traded as high as C$14.87. Canaccord Genuity Group shares last traded at C$14.48, with a volume of 295,079 shares changing hands.

Analyst Ratings Changes

Separately, Ventum Financial increased their target price on Canaccord Genuity Group from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$16.25.

Canaccord Genuity Group Trading Down 0.8%

The stock has a market cap of C$1.46 billion, a P/E ratio of -9.99, a PEG ratio of 0.54 and a beta of 1.32. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 104.59. The stock’s fifty day moving average price is C$13.23 and its 200 day moving average price is C$12.44.

Canaccord Genuity Group (TSE:CF) last released its earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 earnings per share for the quarter. The firm had revenue of C$612.69 million for the quarter. Canaccord Genuity Group had a negative net margin of 5.94% and a negative return on equity of 17.40%. Equities research analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.8%. Canaccord Genuity Group’s dividend payout ratio (DPR) is currently -23.45%.

Insider Activity

In other news, Director Donald Duncan Macfayden sold 29,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of C$14.82, for a total value of C$429,780.00. Following the sale, the director directly owned 161,705 shares of the company’s stock, valued at C$2,396,468.10. The trade was a 15.21% decrease in their position. Insiders own 4.61% of the company’s stock.

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.