Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above 200-Day Moving Average of $5.60
Canaccord Genuity Group Inc (TSE:CF)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.
A number of equities analysts have weighed in on CF shares. Cormark lowered their price objective on Canaccord Genuity Group from C$9.00 to C$8.50 in a research note on Monday, June 3rd. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Canaccord Genuity Group in a research note on Tuesday, July 30th.
The stock has a market capitalization of $564.08 million and a price-to-earnings ratio of 9.94. The company’s 50-day moving average is C$5.22 and its 200-day moving average is C$5.60. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 40.96.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 30th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Thursday, August 29th. This is a positive change from Canaccord Genuity Group’s previous quarterly dividend of $0.01. Canaccord Genuity Group’s payout ratio is presently 7.56%.
About Canaccord Genuity Group (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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