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

Canaccord Genuity Group Inc. (TSE:CFGet Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.44 and traded as high as C$12.46. Canaccord Genuity Group shares last traded at C$11.89, with a volume of 368,660 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities lifted their target price on 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Canaccord Genuity Group has a consensus rating of “Buy” and an average price target of C$16.00.

View Our Latest Stock Report on CF

Canaccord Genuity Group Stock Down 1.7%

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 company’s fifty day moving average price is C$12.27 and its 200-day moving average price is C$11.45. The stock has a market cap of C$1.19 billion, a P/E ratio of -5.45, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35.

Canaccord Genuity Group (TSE:CFGet Free Report) last issued its quarterly earnings results on Friday, February 13th. The financial services provider reported C$0.36 EPS for the quarter. Canaccord Genuity Group had a negative net margin of 9.85% and a negative return on equity of 25.39%. The company had revenue of C$616.10 million for the quarter. Equities analysts forecast 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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