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

Canaccord Genuity Group Inc. (TSE:CF)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.58 and traded as high as C$11.99. Canaccord Genuity Group shares last traded at C$11.91, with a volume of 270,713 shares changing hands.

Wall Street Analyst Weigh In

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

Canaccord Genuity Group Price Performance

The company’s 50 day moving average price is C$12.28 and its 200 day moving average price is C$11.58. The company has a debt-to-equity ratio of 200.72, a quick ratio of 1.05 and a current ratio of 1.19. The company has a market cap of C$1.18 billion, a price-to-earnings ratio of -5.39, a P/E/G ratio of 0.54 and a beta of 1.35.

Canaccord Genuity Group (TSE:CF) last announced its earnings results on Friday, February 13th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$616.10 million during the quarter. Canaccord Genuity Group had a negative net margin of 9.85% and a negative return on equity of 25.39%. On average, equities research analysts predict that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

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.