Canaccord Genuity Group (TSE:CF) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Canaccord Genuity Group Inc. (TSE:CFGet Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.68 and traded as high as C$9.54. Canaccord Genuity Group shares last traded at C$9.47, with a volume of 27,100 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CF. Raymond James reduced their price objective on Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Ventum Cap Mkts upgraded Canaccord Genuity Group to a “strong-buy” rating in a report on Monday, August 12th. Finally, TD Securities dropped their price objective on Canaccord Genuity Group from C$11.00 to C$10.00 in a report on Tuesday, August 13th.

Get Our Latest Analysis on CF

Canaccord Genuity Group Price Performance

The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93. The stock’s 50-day moving average price is C$8.55 and its 200 day moving average price is C$8.68. The firm has a market cap of C$915.46 million, a price-to-earnings ratio of -94.70, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group (TSE:CFGet Free Report) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported C$0.13 EPS for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.08). The business had revenue of C$428.17 million for the quarter, compared to the consensus estimate of C$424.52 million. Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. Equities research analysts predict that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 30th were paid a $0.085 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.59%. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -340.00%.

About Canaccord Genuity Group

(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.

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