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

Key Points

• Canaccord Genuity shares crossed above its 200‑day moving average (200‑day = C$11.77), trading as high as C$12.26 and last at C$12.15 on volume of 66,101 shares.
• TD Securities upgraded the stock to a "buy" and raised its price target to C$16 (from C$14); the consensus target and average analyst rating on the stock are also C$16/"Buy".
• Financials show risk despite revenue: debt‑to‑equity is 200.72 with negative ROE (‑25.39%) and net margin (‑9.85%) and a negative P/E, though the company reported C$616.1M in quarterly revenue and C$0.36 EPS.

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.77 and traded as high as C$12.26. Canaccord Genuity Group shares last traded at C$12.15, with a volume of 66,101 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities raised their price objective on shares of Canaccord Genuity Group from C$14.00 to C$16.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently 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 quick ratio of 1.05 and a current ratio of 1.19. The company has a 50-day moving average price of C$12.34 and a 200-day moving average price of C$11.77. The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of -5.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35.

Canaccord Genuity Group (TSE:CF - Get Free Report) last posted its earnings results on Friday, February 13th. The financial services provider reported C$0.36 earnings per share (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 business had revenue of C$616.10 million during the quarter. On average, equities research analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS 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.

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