Canaccord Genuity Group (OTCMKTS:CCORF) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of Canaccord Genuity Group Inc. (OTCMKTS:CCORFGet Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.13 and traded as high as $10.29. Canaccord Genuity Group shares last traded at $10.28, with a volume of 34,587 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities reissued a “buy” rating on shares of Canaccord Genuity Group in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Canaccord Genuity Group presently has a consensus rating of “Buy”.

Read Our Latest Report on Canaccord Genuity Group

Canaccord Genuity Group Stock Performance

The firm has a 50 day moving average of $9.13 and a 200-day moving average of $8.82.

Canaccord Genuity Group Company Profile

(Get Free Report)

Canaccord Genuity Group (OTCMKTS: CCORF) is a global, full-service investment bank and financial services firm providing a range of advisory, financing, research and sales and trading services. The company’s primary business activities include equity and debt underwriting, mergers and acquisitions advisory, institutional brokerage, and wealth management. Through its integrated platform, Canaccord Genuity serves corporate, institutional and high-net-worth clients with customized capital markets solutions and strategic advice.

Founded in Vancouver in 1950, the firm has grown through a combination of organic expansion and targeted acquisitions, including the 2010 merger with Genuity Capital Markets, which bolstered its corporate finance capabilities.

Featured Stories

Receive News & Ratings for Canaccord Genuity Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canaccord Genuity Group and related companies with MarketBeat.com's FREE daily email newsletter.