Canaccord Genuity Group (TSE:CF) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Canaccord Genuity Group Inc. (TSE:CF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.40 and traded as high as C$13.87. Canaccord Genuity Group shares last traded at C$13.63, with a volume of 248,370 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CF shares. TD boosted their price objective on shares of Canaccord Genuity Group from C$16.00 to C$18.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. ATB Cormark Capital Markets raised their target price on Canaccord Genuity Group from C$18.25 to C$19.50 and gave the stock an “outperform” rating in a report on Monday, August 10th. Raymond James Financial downgraded Canaccord Genuity Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 10th. Finally, Ventum Financial lifted their price objective on Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Friday, June 5th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$17.50.

Canaccord Genuity Group Stock Performance

The company has a market capitalization of C$1.39 billion, a P/E ratio of -13.13, a P/E/G ratio of 0.54 and a beta of 1.39. The company has a debt-to-equity ratio of 179.85, a quick ratio of 1.05 and a current ratio of 8.03. The business’s fifty day simple moving average is C$14.51 and its 200-day simple moving average is C$13.40.

Canaccord Genuity Group (TSE:CF) last issued its earnings results on Thursday, August 6th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter. Canaccord Genuity Group had a negative return on equity of 12.68% and a negative net margin of 3.95%.The firm had revenue of C$577.43 million for the quarter. As a group, equities analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, August 28th. Canaccord Genuity Group’s dividend payout ratio is -33.81%.

Insider Activity at Canaccord Genuity Group

In related news, Director Donald Duncan Macfayden sold 29,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of C$14.82, for a total value of C$429,780.00. Following the completion of the transaction, the director directly owned 161,705 shares of the company’s stock, valued at approximately C$2,396,468.10. This trade represents a 15.21% decrease in their ownership of the stock. Corporate insiders own 4.61% of the company’s stock.

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. 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.