Guardian Capital Group (TSE:GCG.A) Shares Pass Below 200 Day Moving Average – Here’s Why

Guardian Capital Group Limited (TSE:GCG.A)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$42.00 and traded as low as C$41.30. Guardian Capital Group shares last traded at C$41.78, with a volume of 585 shares trading hands.

Analyst Ratings Changes

GCG.A has been the topic of several analyst reports. Scotiabank reduced their price target on Guardian Capital Group from C$56.00 to C$55.00 in a report on Monday, March 10th. BMO Capital Markets lifted their target price on shares of Guardian Capital Group from C$50.00 to C$51.00 in a research note on Thursday, December 19th.

Guardian Capital Group Price Performance

The firm has a market capitalization of C$905.47 million, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of -22.04 and a beta of 1.11. The stock’s fifty day moving average price is C$43.33 and its two-hundred day moving average price is C$41.99. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 14.28.

Guardian Capital Group Company Profile

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.