Canaccord Genuity Group (TSE:CF) Stock Passes Above 200 Day Moving Average – Here’s Why

Canaccord Genuity Group Inc. (TSE:CFGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on CF

Canaccord Genuity Group Stock Down 1.6%

The stock has a fifty day moving average of C$12.16 and a 200-day moving average of C$11.37. The firm has a market capitalization of C$1.28 billion, a price-to-earnings ratio of -5.87, a PEG ratio of 0.54 and a beta of 1.35. The company has a current ratio of 1.19, a quick ratio of 1.05 and a debt-to-equity ratio of 200.72.

Canaccord Genuity Group (TSE:CFGet Free Report) last announced its earnings results on Friday, February 13th. The financial services provider reported C$0.36 EPS for the quarter. Canaccord Genuity Group had a negative return on equity of 25.39% and a negative net margin of 9.85%.The business had revenue of C$616.10 million during the quarter. As a group, sell-side analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.

About Canaccord Genuity Group

(Get Free Report)

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.

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