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Canaccord Genuity Group (TSE:CF) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Canaccord Genuity Group logo with Financial Services background

Shares of Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.10 and traded as high as C$11.36. Canaccord Genuity Group shares last traded at C$11.11, with a volume of 154,279 shares.

Analysts Set New Price Targets

Separately, Cormark upgraded Canaccord Genuity Group from a "hold" rating to a "moderate buy" rating in a research note on Thursday, April 3rd.

Get Our Latest Report on Canaccord Genuity Group

Canaccord Genuity Group Trading Down 1.6%

The company has a market cap of C$1.10 billion, a PE ratio of -45.21, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 117.91, a current ratio of 1.23 and a quick ratio of 1.05. The company has a 50-day moving average of C$10.04 and a 200 day moving average of C$9.14.

Canaccord Genuity Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a $0.085 dividend. The ex-dividend date was Friday, June 20th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.15%. Canaccord Genuity Group's payout ratio is -142.45%.

About Canaccord Genuity Group

(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

Should You Invest $1,000 in Canaccord Genuity Group Right Now?

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