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

Key Points

• Canaccord Genuity's share price crossed above its 200-day moving average, trading as high as C$12.16 and last at C$12.02 versus the 200‑day average of C$11.84.
• TD Securities raised its price target to C$16 and gave the stock a Buy rating, and the consensus analyst rating and price target for the stock are currently Buy and C$16.
• Company fundamentals show weakness: quarterly EPS was C$0.36 with a negative net margin (-9.85%) and negative ROE (-25.39%), and a very high debt-to-equity (200.72).

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.84 and traded as high as C$12.16. Canaccord Genuity Group shares last traded at C$12.02, with a volume of 80,987 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Securities upped their price target on 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of C$16.00.

Canaccord Genuity Group Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.05 and a debt-to-equity ratio of 200.72. The business has a 50-day moving average price of C$12.25 and a 200 day moving average price of C$11.84. The stock has a market cap of C$1.21 billion, a PE ratio of -5.51, a PEG ratio of 0.54 and a beta of 1.35.

Canaccord Genuity Group (TSE:CF - Get Free Report) last issued its quarterly earnings results 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. As a group, research analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share 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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