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

Key Points

• Canaccord Genuity shares moved above their 200-day moving average of C$11.53, trading as high as C$11.65 and last at C$11.45 on volume of 232,327 shares.
• TD Securities raised its target from C$14.00 to C$16.00 and issued a "Buy" rating, with the consensus analyst rating being "Buy" and an average price target of C$16.00.
• Fundamentals show elevated risk: debt-to-equity is 200.72 and the company is unprofitable with a negative net margin (-9.85%), negative ROE (-25.39%) and a trailing PE of -5.25, despite reporting C$0.36 EPS and C$616.1M revenue last quarter.

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.53 and traded as high as C$11.65. Canaccord Genuity Group shares last traded at C$11.45, with a volume of 232,327 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities increased their target price on 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$16.00.

Canaccord Genuity Group Price Performance

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 company's fifty day simple moving average is C$12.31 and its two-hundred day simple moving average is C$11.53. The stock has a market capitalization of C$1.15 billion, a PE ratio of -5.25, a P/E/G ratio of 0.54 and a beta of 1.35.

Canaccord Genuity Group (TSE:CF - Get Free Report) last posted 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 net margin of 9.85% and a negative return on equity of 25.39%. The company had revenue of C$616.10 million during the quarter. As a group, sell-side analysts predict 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.

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