Canaccord Genuity Group (TSE:CF) Stock Crosses Above 200-Day Moving Average – Here’s Why

Canaccord Genuity Group Inc. (TSE:CF) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.76 and traded as high as C$10.27. Canaccord Genuity Group shares last traded at C$10.14, with a volume of 115,957 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities upgraded shares of Canaccord Genuity Group from a “hold” rating to a “buy” rating and raised their target price for the company from C$10.00 to C$12.00 in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$12.38.

Canaccord Genuity Group Stock Up 1.0%

The stock has a market capitalization of C$1.01 billion, a PE ratio of -15.60, a price-to-earnings-growth ratio of 0.54 and a beta of 1.43. The company has a debt-to-equity ratio of 117.91, a current ratio of 1.23 and a quick ratio of 1.05. The business’s fifty day moving average price is C$10.27 and its two-hundred day moving average price is C$9.76.

Canaccord Genuity Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.4%. Canaccord Genuity Group’s payout ratio is -52.31%.

Canaccord Genuity Group Company Profile

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.