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Canaccord Genuity Group (TSE:CF) Stock Passes Above 200 Day Moving Average - Here's Why

Canaccord Genuity Group logo with Financial Services background

Key Points

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Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.25 and traded as high as C$10.14. Canaccord Genuity Group shares last traded at C$10.14, with a volume of 117,975 shares traded.

Analyst Ratings Changes

Separately, TD Securities upgraded Canaccord Genuity Group from a "hold" rating to a "buy" rating and raised their price target for the stock from C$10.00 to C$12.00 in a research report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$12.38.

Read Our Latest Report on CF

Canaccord Genuity Group Trading Up 2.1%

The company has a debt-to-equity ratio of 117.91, a quick ratio of 1.05 and a current ratio of 1.23. The firm has a market cap of C$1.05 billion, a P/E ratio of -42.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The stock has a fifty day simple moving average of C$10.45 and a 200 day simple moving average of C$9.26.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, September 10th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.34 annualized dividend and a dividend yield of 3.3%. Canaccord Genuity Group's payout ratio is presently -142.45%.

Canaccord Genuity Group Company Profile

(Get Free Report)

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.

Further Reading

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