Guardian Capital Group (TSE:GCG.A) Shares Pass Below 200-Day Moving Average – Time to Sell?

Guardian Capital Group Limited (TSE:GCG.A)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.06 and traded as low as C$41.00. Guardian Capital Group shares last traded at C$41.01, with a volume of 456 shares.

Analysts Set New Price Targets

Separately, Scotiabank reduced their price objective on shares of Guardian Capital Group from C$54.00 to C$53.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd.

Guardian Capital Group Stock Down 0.2%

The company has a debt-to-equity ratio of 14.28, a current ratio of 1.03 and a quick ratio of 0.64. The firm’s 50-day moving average is C$41.03 and its 200 day moving average is C$42.06. The stock has a market cap of C$911.24 million, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of -22.04 and a beta of 1.11.

About Guardian Capital Group

Guardian Capital Group Ltd is a diversified financial services company. It operates in two main business areas, Asset Management and Financial Advisory. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio.