Guardian Capital Group (TSE:GCG.A) Shares Pass Below Two Hundred Day Moving Average of $45.50

Posted by Latisha Jones on Sep 6th, 2024

Guardian Capital Group Limited (TSE:GCG.A – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$45.50 and traded as low as C$39.78. Guardian Capital Group shares last traded at C$40.49, with a volume of 7,606 shares.

Analyst Ratings Changes

GCG.A has been the topic of several research reports. BMO Capital Markets dropped their price target on shares of Guardian Capital Group from C$56.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Scotiabank lowered their price objective on shares of Guardian Capital Group from C$56.00 to C$55.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th.

Check Out Our Latest Research Report on Guardian Capital Group

Guardian Capital Group Stock Performance

The stock has a market capitalization of C$888.58 million, a P/E ratio of 16.46, a PEG ratio of -22.04 and a beta of 1.11. The stock’s 50-day simple moving average is C$42.72 and its 200 day simple moving average is C$45.40. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.03 and a quick ratio of 0.64.

Guardian Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Thursday, July 18th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Thursday, July 11th. Guardian Capital Group’s dividend payout ratio is 60.91%.

About Guardian Capital Group

(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.