Canaccord Genuity Group Inc (CF) Trading 5.3% Higher

Shares of Canaccord Genuity Group Inc (TSE:CF) traded up 5.3% during mid-day trading on Tuesday . The stock traded as high as C$4.60 and last traded at C$4.60. 119,222 shares traded hands during trading, a decline of 26% from the average session volume of 160,487 shares. The stock had previously closed at C$4.37.

Separately, TD Securities upped their price objective on shares of Canaccord Genuity Group from C$6.50 to C$7.00 and gave the stock a “buy” rating in a report on Friday, August 4th.

The stock has a 50 day moving average of $4.53 and a 200-day moving average of $4.99. The stock has a market capitalization of $430.14 million and a price-to-earnings ratio of 25.16.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.86%.

In other Canaccord Genuity Group news, Director Dvaipayan Ghose sold 10,000 shares of Canaccord Genuity Group stock in a transaction on Thursday, August 24th. The shares were sold at an average price of C$5.00, for a total transaction of C$50,000.00.

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Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc is a Canada-based independent financial services company. The Company has operations in two principal segments of the securities industry: wealth management and capital markets. The Company’s segments include Canaccord Genuity, Canaccord Genuity Wealth Management, and Corporate and Other.

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