Gluskin Sheff + Associates Inc (TSE:GS) had its price target decreased by investment analysts at CIBC from C$21.00 to C$20.00 in a report released on Monday. CIBC’s price objective suggests a potential upside of 20.26% from the company’s previous close.

A number of other analysts also recently issued reports on the company. TD Securities lowered their price target on Gluskin Sheff + Associates from C$21.00 to C$20.00 and set a “buy” rating for the company in a research report on Monday. Scotiabank lowered their price target on Gluskin Sheff + Associates from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Friday, September 16th. Royal Bank Of Canada restated a “sector perform” rating and issued a C$20.00 price target on shares of Gluskin Sheff + Associates in a research report on Friday, September 16th. Finally, Desjardins lowered their price target on Gluskin Sheff + Associates from C$20.00 to C$19.00 and set a “hold” rating for the company in a research report on Friday, September 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Gluskin Sheff + Associates has an average rating of “Hold” and an average target price of C$20.44.

Shares of Gluskin Sheff + Associates (TSE:GS) opened at 16.63 on Monday. The stock has a 50 day moving average of $18.08 and a 200-day moving average of $17.64. The stock has a market capitalization of $493.46 million and a P/E ratio of 15.12. Gluskin Sheff + Associates has a 52-week low of $14.81 and a 52-week high of $23.93.

In other news, insider David Roy Morris purchased 1,789 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were purchased at an average price of C$19.23 per share, for a total transaction of C$34,402.47.

About Gluskin Sheff + Associates

Gluskin Sheff + Associates Inc is a wealth management company, which is engaged in providing investment management services for high net worth private clients in Canada and abroad. The Company offers its clients various investment strategies across equity, fixed income and alternative asset classes. The Company provides wealth management services to high net worth investors, including entrepreneurs, professionals, family trusts, private charitable foundations and estates, and also serves number of institutions as clients.

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