Canaccord Genuity Group (TSE:CF) Stock Price Passes 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 Wednesday . The stock has a 200-day moving average of C$10.45 and traded as high as C$11.67. Canaccord Genuity Group shares last traded at C$11.60, with a volume of 131,150 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Securities raised shares of Canaccord Genuity Group from a “hold” rating to a “buy” rating and raised their price objective 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 data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$12.00.

Canaccord Genuity Group Stock Performance

The stock has a 50-day moving average price of C$11.07 and a 200 day moving average price of C$10.45. The firm has a market capitalization of C$1.11 billion, a price-to-earnings ratio of -4.36, a P/E/G ratio of 0.54 and a beta of 1.46. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 117.91.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings results on Thursday, November 13th. The financial services provider reported C$0.27 earnings per share (EPS) for the quarter. Canaccord Genuity Group had a negative net margin of 1.33% and a negative return on equity of 2.33%. The company had revenue of C$530.42 million during the quarter. On average, analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.

Canaccord Genuity Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, September 10th were paid a $0.085 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.34 dividend on an annualized basis and a yield of 2.9%. Canaccord Genuity Group’s dividend payout ratio (DPR) is currently -12.78%.

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.