Shares of Canaccord Genuity Group Inc. (TSE:CF – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.26 and traded as high as C$9.08. Canaccord Genuity Group shares last traded at C$8.86, with a volume of 99,112 shares traded.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CF. Cormark upped their price target on shares of Canaccord Genuity Group from C$10.25 to C$11.50 in a research report on Friday, June 7th. TD Securities upped their price target on shares of Canaccord Genuity Group from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research report on Friday, June 7th.
Get Our Latest Stock Analysis on CF
Canaccord Genuity Group Stock Performance
Canaccord Genuity Group (TSE:CF – Get Free Report) last released its quarterly earnings data on Wednesday, June 5th. The financial services provider reported C$0.15 EPS for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.05). The business had revenue of C$409.05 million during the quarter, compared to analyst estimates of C$421.00 million. Canaccord Genuity Group had a negative net margin of 0.98% and a positive return on equity of 1.90%. As a group, sell-side analysts expect that Canaccord Genuity Group Inc. will post 1.0202475 earnings per share for the current year.
Canaccord Genuity Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, July 2nd were issued a $0.085 dividend. The ex-dividend date was Friday, June 21st. This represents a $0.34 dividend on an annualized basis and a yield of 3.84%. Canaccord Genuity Group’s payout ratio is -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.
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