Canaccord Genuity Group (TSE:CF) Stock Passes Above 200-Day Moving Average – Should You Sell?

Canaccord Genuity Group Inc. (TSE:CF)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.27 and traded as high as C$10.18. Canaccord Genuity Group shares last traded at C$10.11, with a volume of 68,401 shares changing hands.

Analyst Upgrades and Downgrades

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

Canaccord Genuity Group Stock Performance

The business’s 50-day simple moving average is C$10.37 and its 200 day simple moving average is C$9.29. The firm has a market cap of C$965.73 million, a P/E ratio of -99.90, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 52.93, a quick ratio of 1.05 and a current ratio of 1.21.

Canaccord Genuity Group (TSE:CF) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The business had revenue of C$428.64 million during the quarter, compared to analysts’ expectations of C$440.60 million. Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. As a group, equities 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 announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 29th were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, November 29th. Canaccord Genuity Group’s dividend payout ratio (DPR) is -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.