Guardian Capital Group (TSE:GCG) Stock Crosses Above 200 Day Moving Average of $33.55

Guardian Capital Group Limited (TSE:GCGGet Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$33.55 and traded as high as C$39.75. Guardian Capital Group shares last traded at C$37.20, with a volume of 706 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GCG. BMO Capital Markets set a C$54.00 price target on shares of Guardian Capital Group and gave the company an “outperform” rating in a research report on Friday, March 3rd. CIBC increased their price target on shares of Guardian Capital Group from C$40.00 to C$49.00 and gave the company an “outperform” rating in a research report on Thursday, December 1st.

Guardian Capital Group Trading Down 9.3 %

The firm has a market cap of C$102.30 million, a P/E ratio of -57.23 and a beta of 1.15. The firm’s fifty day moving average is C$39.39 and its two-hundred day moving average is C$33.55. The company has a quick ratio of 0.64, a current ratio of 0.79 and a debt-to-equity ratio of 19.61.

Guardian Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 19th. Investors of record on Wednesday, April 12th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, April 11th. This is a positive change from Guardian Capital Group’s previous quarterly dividend of $0.24. This represents a $1.36 annualized dividend and a dividend yield of 3.66%. Guardian Capital Group’s payout ratio is currently -209.23%.

About Guardian Capital Group

(Get Rating)

Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada and internationally. The company operates through Investment management, Wealth management, Corporate activities and investment segments. The Investment management segment provides investment management services provided to clients.

Further Reading

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