Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Canaccord Genuity Group Inc. (TSE:CF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.96 and traded as high as C$13.18. Canaccord Genuity Group shares last traded at C$13.02, with a volume of 65,456 shares.

Analyst Ratings Changes

Separately, TD Securities boosted their price target on shares of Canaccord Genuity Group from C$14.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$16.00.

Canaccord Genuity Group Stock Performance

The firm’s fifty day moving average price is C$12.16 and its 200-day moving average price is C$11.97. The company has a current ratio of 1.19, a quick ratio of 1.05 and a debt-to-equity ratio of 200.72. The firm has a market cap of C$1.31 billion, a price-to-earnings ratio of -6.00, a PEG ratio of 0.54 and a beta of 1.41.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.