Canaccord Genuity Group (TSE:CF) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Canaccord Genuity Group Inc. (TSE:CF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.54 and traded as high as C$11.49. Canaccord Genuity Group shares last traded at C$11.45, with a volume of 245,772 shares changing hands.

Analyst Ratings Changes

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

Canaccord Genuity Group Stock Performance

The firm’s 50 day simple moving average is C$11.21 and its 200-day simple moving average is C$10.54. The company has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -4.30, a P/E/G ratio of 0.54 and a beta of 1.40. The company has a debt-to-equity ratio of 117.91, a quick ratio of 1.05 and a current ratio of 1.23.

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

Canaccord Genuity Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, December 10th will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, November 28th. Canaccord Genuity Group’s payout ratio is -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.