Canaccord Genuity Group (TSE:CF) Stock Crosses Above 200 Day Moving Average – Here’s Why
by Doug Wharley · The Cerbat GemCanaccord Genuity Group Inc. (TSE:CF – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.70 and traded as high as C$12.61. Canaccord Genuity Group shares last traded at C$12.42, with a volume of 74,588 shares trading hands.
Analyst Upgrades and Downgrades
Separately, TD Securities increased their price objective on shares of Canaccord Genuity Group from C$14.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$16.00.
Check Out Our Latest Report on Canaccord Genuity Group
Canaccord Genuity Group Stock Performance
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 company’s 50-day simple moving average is C$12.30 and its 200-day simple moving average is C$11.71. The stock has a market capitalization of C$1.30 billion, a price-to-earnings ratio of -5.93, a PEG ratio of 0.54 and a beta of 1.35.
Canaccord Genuity Group (TSE:CF – Get Free Report) last announced its quarterly earnings results on Friday, February 13th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter. Canaccord Genuity Group had a negative net margin of 9.85% and a negative return on equity of 25.39%. The firm had revenue of C$616.10 million during the quarter. On average, analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.
About Canaccord Genuity Group
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.