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

Canaccord Genuity Group Inc. (TSE:CF – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$13.65 and traded as high as C$13.66. Canaccord Genuity Group shares last traded at C$13.52, with a volume of 192,307 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Raymond James Financial lowered Canaccord Genuity Group from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 10th. ATB Cormark Capital Markets lifted their target price on Canaccord Genuity Group from C$18.25 to C$19.50 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, TD upped their target price on Canaccord Genuity Group from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$17.50.

View Our Latest Research Report on Canaccord Genuity Group

Canaccord Genuity Group Trading Down 2.1%

The company has a current ratio of 8.03, a quick ratio of 1.05 and a debt-to-equity ratio of 179.85. The company has a market cap of C$1.37 billion, a PE ratio of -12.80, a P/E/G ratio of 0.54 and a beta of 1.41. The business’s 50-day simple moving average is C$14.10 and its 200-day simple moving average is C$13.67.

Canaccord Genuity Group (TSE:CF – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The financial services provider reported C$0.36 EPS for the quarter. Canaccord Genuity Group had a negative net margin of 3.95% and a negative return on equity of 12.68%. The business had revenue of C$577.43 million for the quarter. As a group, analysts expect that Canaccord Genuity Group Inc. will post 0.86 EPS for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, September 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -33.81%.

Canaccord Genuity Group Company Profile

(Get Free Report)

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.

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