Canaccord Genuity Group (TSE:CF) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Canaccord Genuity Group Inc. (TSE:CF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.42 and traded as high as C$9.81. Canaccord Genuity Group shares last traded at C$9.77, with a volume of 44,676 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CF shares. Raymond James raised their price objective on shares of Canaccord Genuity Group from C$11.00 to C$13.00 in a research report on Monday, November 11th. Ventum Financial raised their price objective on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a research report on Monday, November 11th. TD Securities raised their price objective on shares of Canaccord Genuity Group from C$10.00 to C$12.00 in a research report on Tuesday, November 12th. Finally, Cormark raised their price objective on shares of Canaccord Genuity Group from C$11.50 to C$12.50 in a research report on Tuesday, November 12th.

Canaccord Genuity Group Trading Down 0.2 %

The company has a debt-to-equity ratio of 52.93, a current ratio of 1.21 and a quick ratio of 1.05. The business’s 50-day moving average price is C$10.19 and its two-hundred day moving average price is C$9.42. The company has a market capitalization of C$944.47 million, a price-to-earnings ratio of -97.70, a P/E/G ratio of 0.54 and a beta of 1.61.

Canaccord Genuity Group (TSE:CF) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share 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 business had revenue of C$428.64 million during the quarter, compared to analyst estimates of C$440.60 million. Research analysts predict that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 29th were paid a $0.085 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.34 dividend on an annualized basis and a yield of 3.48%. Canaccord Genuity Group’s dividend payout ratio (DPR) is -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.