Canaccord Genuity Group (TSE:CF) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of Canaccord Genuity Group Inc. (TSE:CF) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.89 and traded as high as C$12.17. Canaccord Genuity Group shares last traded at C$12.14, with a volume of 84,323 shares changing hands.

Analyst Upgrades and Downgrades

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

Canaccord Genuity Group Price Performance

The stock has a market cap of C$1.22 billion, a price-to-earnings ratio of -5.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.41. The stock has a fifty day simple moving average of C$12.14 and a 200-day simple moving average of C$11.89. 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:CF) last released its earnings results on Friday, February 13th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter. The firm had revenue of C$616.10 million for the quarter. Canaccord Genuity Group had a negative return on equity of 25.39% and a negative net margin of 9.85%. As a group, equities research analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.

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.