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Canaccord Genuity Group (TSE:CF) Shares Cross Above 200 Day Moving Average - Time to Sell?

Canaccord Genuity Group logo with Financial Services background

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.16 and traded as high as C$10.96. Canaccord Genuity Group shares last traded at C$10.79, with a volume of 377,520 shares traded.

Analyst Ratings Changes

A number of research firms have issued reports on CF. Ventum Financial upped 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 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 boosted their price target on Canaccord Genuity Group from C$11.00 to C$13.00 in a report on Monday, November 11th. Finally, Cormark lifted their price target on Canaccord Genuity Group from C$11.50 to C$12.50 in a report on Tuesday, November 12th.

Get Our Latest Research Report on Canaccord Genuity Group

Canaccord Genuity Group Stock Down 0.2 %

The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 52.93. The stock has a 50-day moving average of C$10.18 and a 200-day moving average of C$9.16. The firm has a market cap of C$1.04 billion, a price-to-earnings ratio of -108.20, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group (TSE:CF - Get Free Report) last posted 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 firm had revenue of C$428.64 million during the quarter, compared to the consensus estimate of C$440.60 million. Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. As a group, sell-side analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Friday, November 29th. Canaccord Genuity Group's dividend payout ratio (DPR) is presently -340.00%.

About Canaccord Genuity Group

(Get Free Report)

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.

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