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

Shares of Canaccord Genuity Group Inc. (TSE:CF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.88 and traded as high as C$11.43. Canaccord Genuity Group shares last traded at C$11.36, with a volume of 109,025 shares changing hands.

Analysts Set New Price Targets

Separately, TD Securities upgraded Canaccord Genuity Group from a “hold” rating to a “buy” rating and upped their price objective for the company from C$10.00 to C$12.00 in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Canaccord Genuity Group currently has a consensus rating of “Buy” and a consensus target price of C$12.38.

Canaccord Genuity Group Stock Performance

The firm has a market capitalization of C$1.14 billion, a P/E ratio of -17.48, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43. The stock has a 50-day moving average of C$10.42 and a 200 day moving average of C$9.88. The company has a debt-to-equity ratio of 117.91, a quick ratio of 1.05 and a current ratio of 1.23.

Canaccord Genuity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, September 10th were given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, August 29th. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -52.31%.

About Canaccord Genuity Group

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.