Canaccord Genuity Group (TSE:CF) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Canaccord Genuity Group Inc. (TSE:CF) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.44 and traded as high as C$12.46. Canaccord Genuity Group shares last traded at C$11.89, with a volume of 368,660 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities lifted their target price on shares of Canaccord Genuity Group from C$14.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Canaccord Genuity Group has a consensus rating of “Buy” and an average target price of C$16.00.

Canaccord Genuity Group Stock Performance

The stock has a 50-day moving average price of C$12.27 and a 200 day moving average price of C$11.44. The company has a quick ratio of 1.05, a current ratio of 1.19 and a debt-to-equity ratio of 200.72. The firm has a market capitalization of C$1.19 billion, a price-to-earnings ratio of -5.45, a P/E/G ratio of 0.54 and a beta of 1.35.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings results on Friday, February 13th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter. Canaccord Genuity Group had a negative return on equity of 25.39% and a negative net margin of 9.85%.The firm had revenue of C$616.10 million during the quarter. On average, analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.

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. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.