Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Canaccord Genuity Group Inc. (TSE:CF) crossed 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 changing hands.

Wall Street Analysts Forecast Growth

CF has been the topic of a number of recent research reports. Ventum Financial raised their price objective on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a research note on Monday, November 11th. Cormark boosted their price objective on Canaccord Genuity Group from C$11.50 to C$12.50 in a report on Tuesday, November 12th. Raymond James raised their target price on Canaccord Genuity Group from C$11.00 to C$13.00 in a report on Monday, November 11th. Finally, TD Securities upped their price target on Canaccord Genuity Group from C$10.00 to C$12.00 in a report on Tuesday, November 12th.

Canaccord Genuity Group Trading Down 0.2 %

The company has a debt-to-equity ratio of 52.93, a quick ratio of 1.05 and a current ratio of 1.21. The firm has a market cap of C$1.04 billion, a P/E ratio of -107.70, a P/E/G ratio of 0.54 and a beta of 1.61. The firm has a 50 day simple moving average of C$10.22 and a 200 day simple moving average of C$9.17.

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

Canaccord Genuity Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th were paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 3.16%. The ex-dividend date was Friday, November 29th. Canaccord Genuity Group’s dividend payout ratio (DPR) 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.