Canaccord Genuity Group (TSE:CF) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Canaccord Genuity Group Inc. (TSE:CF) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.53 and traded as high as C$11.65. Canaccord Genuity Group shares last traded at C$11.45, with a volume of 232,327 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities raised 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 analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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 50 day moving average price is C$12.32 and its two-hundred day moving average price is C$11.53. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of -5.26, a PEG ratio of 0.54 and a beta of 1.35.

Canaccord Genuity Group (TSE:CF) last posted its earnings results on Friday, February 13th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$616.10 million for the quarter. Canaccord Genuity Group had a negative net margin of 9.85% and a negative return on equity of 25.39%. On average, equities research analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current 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.