Canaccord Genuity Group (TSE:CF) Shares Pass 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 traded.

Analyst Upgrades and Downgrades

Separately, TD Securities raised shares of Canaccord Genuity Group from a “hold” rating to a “buy” rating and increased their price target for the stock from C$8.50 to C$10.00 in a research note on Friday, February 9th. One investment 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.com, the company currently has a consensus rating of “Buy” and an average price target of C$10.29.

Canaccord Genuity Group Stock Performance

The stock’s 50 day moving average price is C$8.34 and its 200 day moving average price is C$7.70. The company has a current ratio of 1.24, a quick ratio of 1.05 and a debt-to-equity ratio of 41.38. The firm has a market cap of C$890.07 million, a PE ratio of -29.03, a P/E/G ratio of 0.54 and a beta of 1.62.

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

Canaccord Genuity Group Announces Dividend

The firm also recently declared 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 3.90%. The ex-dividend date of this dividend was Thursday, February 29th. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -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.