Canaccord Genuity Group Inc. (TSE:CF – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.73 and traded as high as C$9.97. Canaccord Genuity Group shares last traded at C$9.95, with a volume of 102,124 shares trading hands.
Wall Street Analysts Forecast Growth
CF has been the subject of a number of research analyst reports. Ventum Cap Mkts upgraded Canaccord Genuity Group to a “strong-buy” rating in a report on Monday, August 12th. Raymond James decreased their target price on Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, TD Securities dropped their price target on Canaccord Genuity Group from C$11.00 to C$10.00 in a research report on Tuesday, August 13th.
View Our Latest Report on Canaccord Genuity Group
Canaccord Genuity Group Stock Up 1.8 %
Canaccord Genuity Group (TSE:CF – Get Free Report) last released its earnings results on Thursday, August 8th. The financial services provider reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.08). The business had revenue of C$428.17 million for the quarter, compared to analyst estimates of C$424.52 million. Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. On average, sell-side analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current year.
Canaccord Genuity Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 30th were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.34 annualized dividend and a yield of 3.42%. Canaccord Genuity Group’s payout ratio is presently -340.00%.
About Canaccord Genuity Group
Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.
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