Guardian Capital Group (TSE:GCG.A) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Guardian Capital Group Limited (TSE:GCG.A) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.44 and traded as low as C$40.35. Guardian Capital Group shares last traded at C$40.35, with a volume of 3,200 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GCG.A shares. Scotiabank dropped 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 lowered their price target 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.

Guardian Capital Group Stock Up 0.5 %

The firm has a 50-day moving average of C$40.44 and a 200 day moving average of C$42.42. The stock has a market capitalization of C$901.47 million, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of -22.04 and a beta of 1.11. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 14.28.

About Guardian Capital Group

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.