Canaccord Genuity Group (TSE:CF) Shares Cross Above 200 Day Moving Average – What’s Next?

Canaccord Genuity Group Inc. (TSE:CF) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.73 and traded as high as C$9.97. Canaccord Genuity Group shares last traded at C$9.95, with a volume of 102,124 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Raymond James decreased their target price on Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Ventum Cap Mkts upgraded Canaccord Genuity Group to a “strong-buy” rating in a research note on Monday, August 12th. Finally, TD Securities dropped their target price on Canaccord Genuity Group from C$11.00 to C$10.00 in a research report on Tuesday, August 13th.

Canaccord Genuity Group Stock Down 0.2 %

The firm’s 50 day simple moving average is C$8.82 and its 200 day simple moving average is C$8.75. The company has a market cap of C$950.27 million, a price-to-earnings ratio of -98.30, a price-to-earnings-growth 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 announced its earnings results on Thursday, August 8th. The financial services provider reported C$0.13 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.08). Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. The business had revenue of C$428.17 million for the quarter, compared to the consensus estimate of C$424.52 million. Sell-side analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 30th were given a $0.085 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.34 dividend on an annualized basis and a yield of 3.46%. Canaccord Genuity Group’s dividend payout ratio is presently -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.