Guardian Capital Group (TSE:GCG.A) Shares Cross Below 200-Day Moving Average of $46.16

Guardian Capital Group Limited (TSE:GCG.AGet Free Report)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$46.16 and traded as low as C$44.01. Guardian Capital Group shares last traded at C$44.60, with a volume of 3,900 shares traded.

Analysts Set New Price Targets

GCG.A has been the topic of a number of analyst reports. Scotiabank decreased their price target on Guardian Capital Group from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. CIBC cut Guardian Capital Group from an “outperform” rating to a “neutral” rating and set a C$54.00 target price on the stock. in a research note on Monday, February 26th.

Get Our Latest Research Report on GCG.A

Guardian Capital Group Stock Performance

The stock has a market capitalization of C$999.04 million, a P/E ratio of 11.58, a P/E/G ratio of -22.04 and a beta of 1.12. The company has a quick ratio of 0.64, a current ratio of 0.80 and a debt-to-equity ratio of 13.52. The business has a fifty day moving average price of C$46.47 and a 200-day moving average price of C$46.16.

Guardian Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 19th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Thursday, April 11th. This is a boost from Guardian Capital Group’s previous quarterly dividend of $0.34. Guardian Capital Group’s dividend payout ratio is 38.44%.

Guardian Capital Group Company Profile

(Get Free Report)

Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada, the United Kingdom, the United States, and the Caribbean. It manages institutional assets for pension plans, insurers, foundations, endowments, third-party mutual funds, and ETFs; and provides private wealth management services to individuals, families, and charitable organizations.

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