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

Posted by Patrick Bannon on Nov 6th, 2024

Shares of Guardian Capital Group Limited (TSE:GCG.A – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$42.72 and traded as low as C$39.90. Guardian Capital Group shares last traded at C$40.60, with a volume of 1,485 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on GCG.A shares. Scotiabank lowered their price objective on Guardian Capital Group from C$56.00 to C$55.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. BMO Capital Markets decreased their target price on Guardian Capital Group from C$56.00 to C$50.00 and set an “outperform” rating for the company in a report on Monday, August 12th.

View Our Latest Stock Report on GCG.A

Guardian Capital Group Stock Performance

The stock has a market capitalization of C$902.13 million, a PE ratio of 16.71, a PEG ratio of -22.04 and a beta of 1.11. The business has a 50 day moving average price of C$40.46 and a 200 day moving average price of C$42.68. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.03 and a quick ratio of 0.64.

About Guardian Capital Group

(Get Free Report)

Guardian Capital Group Limited, through its subsidiaries, primarily engages in the provision of investment services to a range of clients in Canada, the United States, the United Kingdom, the Caribbean, and internationally. The company operates through two segments: Investment Management, and Corporate Activities and Investments.