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

Canaccord Genuity Group Inc. (TSE:CF)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.58 and traded as high as C$11.99. Canaccord Genuity Group shares last traded at C$11.91, with a volume of 270,713 shares traded.

Analyst Ratings Changes

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

Canaccord Genuity Group Stock Up 3.1%

The company has a debt-to-equity ratio of 200.72, a quick ratio of 1.05 and a current ratio of 1.19. The firm’s 50-day moving average is C$12.28 and its two-hundred day moving average is C$11.58. The stock has a market cap of C$1.20 billion, a P/E ratio of -5.46, a PEG ratio of 0.54 and a beta of 1.35.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings data on Friday, February 13th. The financial services provider reported C$0.36 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 for the quarter. On average, equities research analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current year.

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. 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.