Canaccord Genuity Group Inc. (TSE:CF – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.77 and traded as high as C$8.60. Canaccord Genuity Group shares last traded at C$8.50, with a volume of 24,706 shares traded.
Analyst Upgrades and Downgrades
Separately, TD Securities raised Canaccord Genuity Group from a “hold” rating to a “buy” rating and increased their price objective for the company from C$8.50 to C$10.00 in a report on Friday, February 9th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$10.29.
Get Our Latest Stock Report on CF
Canaccord Genuity Group Trading Down 0.2 %
Canaccord Genuity Group (TSE:CF – Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.07. The business had revenue of C$389.14 million during the quarter. Canaccord Genuity Group had a positive return on equity of 1.90% and a negative net margin of 0.98%. On average, analysts predict that Canaccord Genuity Group Inc. will post 1.0193705 earnings per share for the current fiscal year.
Canaccord Genuity Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 15th were issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, February 29th. Canaccord Genuity Group’s payout ratio is presently -113.33%.
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.
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