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

Key Points

• Canaccord shares passed above its 200‑day moving average (200‑day MA C$11.70), trading as high as C$12.61 and last at C$12.42 on volume of 74,588 shares.
• TD Securities raised its target to C$16 (from C$14) and gave a "buy" rating; MarketBeat shows a consensus "Buy" and a C$16 consensus price target.
• Despite quarterly EPS of C$0.36 and C$616.1M in revenue, the company still shows a negative P/E (‑5.70), negative ROE (‑25.39%) and negative net margin (‑9.85%), with a market cap of about C$1.25 billion.

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.70 and traded as high as C$12.61. Canaccord Genuity Group shares last traded at C$12.42, with a volume of 74,588 shares changing hands.

Analysts Set New Price Targets

Separately, TD Securities increased their target price on shares of Canaccord Genuity Group from C$14.00 to C$16.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Canaccord Genuity Group currently has a consensus rating of "Buy" and a consensus price target of C$16.00.

Canaccord Genuity Group Stock Up 0.3%

The firm has a market capitalization of C$1.25 billion, a price-to-earnings ratio of -5.70, a P/E/G ratio of 0.54 and a beta of 1.35. The firm has a fifty day moving average price of C$12.29 and a 200 day moving average price of C$11.70. The company has a current ratio of 1.19, a quick ratio of 1.05 and a debt-to-equity ratio of 200.72.

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

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