Canaccord Genuity Group (TSE:CF) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Canaccord Genuity Group Inc. (TSE:CF) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.35 and traded as high as C$9.61. Canaccord Genuity Group shares last traded at C$9.57, with a volume of 59,075 shares changing hands.

Analyst Ratings Changes

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

Canaccord Genuity Group Trading Down 0.7 %

The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93. The company’s 50 day moving average price is C$10.36 and its two-hundred day moving average price is C$9.35. The firm has a market cap of C$925.13 million, a PE ratio of -95.70, a P/E/G ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group (TSE:CF) last issued its earnings results on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. The firm had revenue of C$428.64 million during the quarter, compared to analysts’ expectations of C$440.60 million. As a group, sell-side analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.

Canaccord Genuity Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Friday, November 29th. Canaccord Genuity Group’s dividend payout ratio is currently -340.00%.

Canaccord Genuity Group Company Profile

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.