Canaccord Genuity Group (TSE:CF) Share Price Crosses Above Two Hundred Day Moving Average of $7.67

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.67 and traded as high as C$8.84. Canaccord Genuity Group shares last traded at C$8.63, with a volume of 64,592 shares trading hands.

Analyst Ratings Changes

Separately, TD Securities raised shares of Canaccord Genuity Group from a "hold" rating to a "buy" rating and raised their target price for the company from C$8.50 to C$10.00 in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$10.29.

Canaccord Genuity Group Trading Up 0.9 %

The company has a debt-to-equity ratio of 41.38, a current ratio of 1.24 and a quick ratio of 1.05. The firm's 50 day moving average is C$8.21 and its 200 day moving average is C$7.68. The company has a market capitalization of C$890.07 million, a PE ratio of -29.03, a P/E/G ratio of 0.54 and a beta of 1.62.

Canaccord Genuity Group (TSE:CF - Get Free Report) last issued its earnings results on Wednesday, February 7th. The financial services provider reported C$0.20 EPS for the quarter, topping the consensus estimate of C$0.13 by C$0.07. Canaccord Genuity Group had a negative net margin of 0.98% and a positive return on equity of 1.90%. The company had revenue of C$389.14 million for the quarter. As a group, equities analysts predict that Canaccord Genuity Group Inc. will post 1.0193705 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 3.90%. The ex-dividend date was Thursday, February 29th. Canaccord Genuity Group's dividend payout ratio (DPR) is currently -113.33%.

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.