Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Canaccord Genuity Group Inc. (TSE:CF)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.63 and traded as high as C$12.16. Canaccord Genuity Group shares last traded at C$12.06, with a volume of 127,314 shares.

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 research note on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$16.00.

Canaccord Genuity Group Price Performance

The company has a debt-to-equity ratio of 200.72, a current ratio of 1.19 and a quick ratio of 1.05. The stock’s 50 day simple moving average is C$12.26 and its two-hundred day simple moving average is C$11.63. The stock has a market cap of C$1.21 billion, a price-to-earnings ratio of -5.53, a P/E/G ratio of 0.54 and a beta of 1.35.

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