Canaccord Genuity Group (TSE:CF) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Canaccord Genuity Group Inc. (TSE:CF) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.21 and traded as high as C$10.24. Canaccord Genuity Group shares last traded at C$10.20, with a volume of 77,634 shares.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Ventum Financial lifted their target price on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a report on Monday, November 11th. TD Securities boosted their price objective on Canaccord Genuity Group from C$10.00 to C$12.00 in a report on Tuesday, November 12th. Raymond James increased their target price on Canaccord Genuity Group from C$11.00 to C$13.00 in a research note on Monday, November 11th. Finally, Cormark boosted their price target on Canaccord Genuity Group from C$11.50 to C$12.50 in a research note on Tuesday, November 12th.

Canaccord Genuity Group Stock Up 1.1 %

The firm has a 50 day simple moving average of C$10.31 and a two-hundred day simple moving average of C$9.21. The stock has a market capitalization of C$986.03 million, a P/E ratio of -102.00, a PEG ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93.

Canaccord Genuity Group (TSE:CF) last issued its earnings results on Thursday, November 7th. The financial services provider reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The business had revenue of C$428.64 million for the quarter, compared to analyst estimates of C$440.60 million. Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. On average, equities research analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 29th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Friday, November 29th. Canaccord Genuity Group’s dividend payout ratio (DPR) is -340.00%.

About Canaccord Genuity Group

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.