Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above 200-Day Moving Average of $7.70

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.70 and traded as high as C$8.74. Canaccord Genuity Group shares last traded at C$8.71, with a volume of 64,981 shares changing hands.

Wall Street Analyst Weigh In

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

Canaccord Genuity Group Stock Performance

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 company has a market cap of C$894.16 million, a PE ratio of -28.80, a price-to-earnings-growth ratio of 0.54 and a beta of 1.62. The business has a fifty day simple moving average of C$8.34 and a two-hundred day simple moving average of C$7.70.

Canaccord Genuity Group (TSE:CF - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported C$0.20 EPS for the quarter, beating 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 business had revenue of C$389.14 million during the quarter. Research analysts anticipate that Canaccord Genuity Group Inc. will post 1.0193705 earnings per share for the current year.

Canaccord Genuity Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 15th were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 3.89%. The ex-dividend date was Thursday, February 29th. Canaccord Genuity Group's dividend payout ratio is presently -113.33%.

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.