Canaccord Genuity Group (TSE:CF) Shares Cross Above 200-Day Moving Average – Should You Sell?

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 C$11.22 and traded as high as C$13.24. Canaccord Genuity Group shares last traded at C$13.05, with a volume of 185,971 shares traded.

Analysts Set New Price Targets

Separately, TD Securities boosted their target price 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, Canaccord Genuity Group presently has an average rating of “Buy” and an average price target of C$16.00.

Canaccord Genuity Group Trading Down 0.5%

The company has a market cap of C$1.30 billion, a PE ratio of -5.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.25. The company’s 50 day simple moving average is C$11.92 and its two-hundred day simple moving average is C$11.22. The company has a debt-to-equity ratio of 117.91, a current ratio of 1.23 and a quick ratio of 1.05.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings data on Friday, February 13th. The financial services provider reported C$0.18 EPS for the quarter. The firm had revenue of C$637.86 million for the quarter. Canaccord Genuity Group had a negative net margin of 1.33% and a negative return on equity of 2.33%. As a group, sell-side analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, December 10th were given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, November 28th. Canaccord Genuity Group’s dividend payout ratio (DPR) is currently -15.60%.

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.