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

Shares of 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$12.92 and traded as high as C$14.42. Canaccord Genuity Group shares last traded at C$14.14, with a volume of 110,231 shares traded.

Analyst Ratings Changes

Separately, Ventum Financial lifted their price target on Canaccord Genuity Group from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research note on Friday, June 5th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$16.25.

Canaccord Genuity Group Price Performance

The company has a debt-to-equity ratio of 104.59, a current ratio of 1.14 and a quick ratio of 1.05. The company has a fifty day moving average price of C$14.29 and a 200 day moving average price of C$12.94. The company has a market capitalization of C$1.45 billion, a P/E ratio of -9.93, a price-to-earnings-growth ratio of 0.54 and a beta of 1.34.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. The business had revenue of C$612.69 million for the quarter. Canaccord Genuity Group had a negative return on equity of 17.40% and a negative net margin of 5.94%. On average, sell-side analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.10 per share. The ex-dividend date was Friday, June 19th. This represents a $0.40 annualized dividend and a dividend yield of 2.8%. Canaccord Genuity Group’s dividend payout ratio is currently -23.45%.

Insider Buying and Selling at Canaccord Genuity Group

In related news, Director Donald Duncan Macfayden sold 20,000 shares of Canaccord Genuity Group stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of C$14.59, for a total value of C$291,800.00. Following the sale, the director directly owned 141,705 shares in the company, valued at C$2,067,475.95. This trade represents a 12.37% decrease in their position. 4.61% of the stock is currently owned by company insiders.

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.