Canaccord Genuity Group (TSE:CF) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Canaccord Genuity Group Inc. (TSE:CF) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.27 and traded as high as C$10.18. Canaccord Genuity Group shares last traded at C$10.11, with a volume of 68,401 shares changing hands.

Analyst Ratings Changes

A number of analysts have issued reports on CF shares. Raymond James raised their price target on Canaccord Genuity Group from C$11.00 to C$13.00 in a research note on Monday, November 11th. TD Securities raised their target price on shares of Canaccord Genuity Group from C$10.00 to C$12.00 in a research report on Tuesday, November 12th. Ventum Financial upped their price target on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a research report on Monday, November 11th. Finally, Cormark increased their price target on shares of Canaccord Genuity Group from C$11.50 to C$12.50 in a research note on Tuesday, November 12th.

Canaccord Genuity Group Price Performance

The business’s 50 day moving average price is C$10.36 and its 200-day moving average price is C$9.27. 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 company has a market cap of C$977.33 million, a PE ratio of -101.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group (TSE:CF) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. The company had revenue of C$428.64 million for the quarter, compared to the consensus estimate of C$440.60 million. As a group, analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th were paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Friday, November 29th. Canaccord Genuity Group’s payout ratio is -340.00%.

About Canaccord Genuity Group

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.