Canaccord Genuity Group Inc. (TSE:CF – Get Free Report) passed 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 changing hands.
Analysts Set New Price Targets
Separately, TD Securities raised Canaccord Genuity Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$8.50 to C$10.00 in a research report on Friday, February 9th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Canaccord Genuity Group has an average rating of “Buy” and an average target price of C$10.29.
Check Out Our Latest Report on Canaccord Genuity Group
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 EPS for the quarter, beating the consensus estimate of C$0.13 by C$0.07. Canaccord Genuity Group had a negative net margin of 0.98% and a positive return on equity of 1.90%. The business had revenue of C$389.14 million for the quarter. On average, equities research analysts anticipate that Canaccord Genuity Group Inc. will post 1.0193705 earnings per share for the current fiscal year.
Canaccord Genuity Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 15th were paid a $0.085 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.34 annualized dividend and a yield of 4.01%. Canaccord Genuity Group’s dividend payout ratio is currently -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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