Canaccord Genuity Group (TSE:CF) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Canaccord Genuity Group Inc. (TSE:CF)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.35 and traded as high as C$13.29. Canaccord Genuity Group shares last traded at C$13.00, with a volume of 181,697 shares traded.

Wall Street Analysts Forecast Growth

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

Canaccord Genuity Group Stock Down 1.7%

The firm has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -5.96, a price-to-earnings-growth ratio of 0.54 and a beta of 1.25. The company has a debt-to-equity ratio of 200.72, a quick ratio of 1.05 and a current ratio of 1.19. The business’s 50 day moving average is C$12.13 and its 200-day moving average is C$11.35.

Canaccord Genuity Group (TSE:CF) last released its earnings results on Friday, February 13th. The financial services provider reported C$0.18 earnings per share for the quarter. The firm had revenue of C$637.86 million during the quarter. Canaccord Genuity Group had a negative net margin of 9.85% and a negative return on equity of 25.39%. Equities analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

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.