Canaccord Genuity Group (TSE:CF) Shares Pass Above 200 Day Moving Average of $7.70

Canaccord Genuity Group Inc. (TSE:CF)’s share price passed 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised Canaccord Genuity Group from a “hold” rating to a “buy” rating and raised their price objective for the company from C$8.50 to C$10.00 in a research note on Friday, February 9th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canaccord Genuity Group presently has a consensus rating of “Buy” and a consensus price target of C$10.29.

Canaccord Genuity Group Stock Up 0.6 %

The company has a quick ratio of 1.05, a current ratio of 1.24 and a debt-to-equity ratio of 41.38. The stock has a 50 day simple moving average of C$8.34 and a 200 day simple moving average of C$7.70. The stock has a market cap of C$890.07 million, a price-to-earnings ratio of -29.03, a PEG ratio of 0.54 and a beta of 1.62.

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

Canaccord Genuity Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.34 annualized dividend and a dividend yield of 3.90%. Canaccord Genuity Group’s payout ratio is -113.33%.

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.