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

Canaccord Genuity Group Inc. (TSE:CF)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$11.91 and traded as high as C$12.23. Canaccord Genuity Group shares last traded at C$12.18, with a volume of 82,442 shares.

Analyst Upgrades and Downgrades

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

Canaccord Genuity Group Price Performance

The company has a debt-to-equity ratio of 200.72, a current ratio of 1.19 and a quick ratio of 1.05. The stock’s fifty day moving average is C$12.05 and its 200-day moving average is C$11.92. The stock has a market cap of C$1.29 billion, a PE ratio of -5.89, a price-to-earnings-growth ratio of 0.54 and a beta of 1.41.

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.