Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above 200-Day Moving Average of $5.60

Canaccord Genuity Group Inc (TSE:CF)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.60 and traded as high as $5.28. Canaccord Genuity Group shares last traded at $5.26, with a volume of 151,086 shares changing hands.

Several research firms have weighed in on CF. Echelon Wealth Partners reissued a “buy” rating on shares of Canaccord Genuity Group in a research note on Tuesday, July 30th. Cormark cut their target price on Canaccord Genuity Group from C$9.00 to C$8.50 in a research note on Monday, June 3rd.

The firm has a fifty day simple moving average of C$5.21 and a 200-day simple moving average of C$5.59. The company has a market capitalization of $564.08 million and a P/E ratio of 9.98. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 40.96.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported C$0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.01. The business had revenue of C$325.51 million during the quarter, compared to the consensus estimate of C$311.50 million. On average, sell-side analysts predict that Canaccord Genuity Group Inc will post 0.91 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 30th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 29th. This is an increase from Canaccord Genuity Group’s previous quarterly dividend of $0.01. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.79%. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently 7.56%.

Canaccord Genuity Group Company Profile (TSE:CF)

Canaccord Genuity Group Inc, an independent and full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. It operates in two segments, Canaccord Genuity and Canaccord Genuity Wealth Management.

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