Canaccord Genuity Group (TSE:CF) Share Price Crosses Above 200-Day Moving Average of $7.77

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.77 and traded as high as C$8.60. Canaccord Genuity Group shares last traded at C$8.50, with a volume of 24,706 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities raised shares of Canaccord Genuity Group from a "hold" rating to a "buy" rating and increased their price objective for the company from C$8.50 to C$10.00 in a research report on Friday, February 9th. One equities 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 company. According to data from MarketBeat.com, Canaccord Genuity Group currently has an average rating of "Buy" and an average price target of C$10.29.

Canaccord Genuity Group Trading Down 0.2 %

The company has a debt-to-equity ratio of 41.38, a quick ratio of 1.05 and a current ratio of 1.24. The company has a market capitalization of C$866.57 million, a price-to-earnings ratio of -28.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.62. The firm has a fifty day moving average price of C$8.46 and a 200-day moving average price of C$7.78.

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, beating the consensus estimate of C$0.13 by C$0.07. The company had revenue of C$389.14 million during the quarter. Canaccord Genuity Group had a negative net margin of 0.98% and a positive return on equity of 1.90%. As a group, equities analysts anticipate that Canaccord Genuity Group Inc. will post 1.0193705 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 4.01%. The ex-dividend date was Thursday, February 29th. Canaccord Genuity Group's dividend payout ratio (DPR) 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.