Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above 200 Day Moving Average of $7.73

Canaccord Genuity Group Inc. (TSE:CF)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.73 and traded as high as C$8.98. Canaccord Genuity Group shares last traded at C$8.70, with a volume of 61,228 shares.

Analyst Ratings Changes

Separately, TD Securities raised Canaccord Genuity Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$8.50 to C$10.00 in a research report on Friday, February 9th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$10.29.

Canaccord Genuity Group Stock Performance

The company has a market capitalization of C$889.05 million, a price-to-earnings ratio of -29.00, a P/E/G ratio of 0.54 and a beta of 1.62. The company has a debt-to-equity ratio of 41.38, a quick ratio of 1.05 and a current ratio of 1.24. The firm has a 50-day simple moving average of C$8.43 and a two-hundred day simple moving average of C$7.73.

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

Canaccord Genuity Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 15th were given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, February 29th. Canaccord Genuity Group’s dividend payout ratio is currently -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.