Gluskin Sheff + Associates Inc to Post FY2017 Earnings of $1.15 Per Share, Desjardins Forecasts (GS)
Gluskin Sheff + Associates Inc (TSE:GS) – Research analysts at Desjardins lowered their FY2017 earnings estimates for shares of Gluskin Sheff + Associates in a report released on Friday. Desjardins analyst G. Ho now anticipates that the firm will post earnings of $1.15 per share for the year, down from their prior estimate of $1.20. Desjardins has a “Hold” rating and a $19.00 price objective on the stock.
A number of other analysts have also weighed in on GS. Scotiabank lowered their price target on shares of Gluskin Sheff + Associates from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday, September 16th. Canaccord Genuity reissued a “hold” rating and issued a C$18.00 price target on shares of Gluskin Sheff + Associates in a report on Monday. Royal Bank Of Canada reissued a “sector perform” rating on shares of Gluskin Sheff + Associates in a report on Monday, July 18th. TD Securities reissued a “buy” rating and issued a C$20.00 price target on shares of Gluskin Sheff + Associates in a report on Monday, July 18th. Finally, CIBC lowered their price target on shares of Gluskin Sheff + Associates from C$21.00 to C$20.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$20.44.
Gluskin Sheff + Associates (TSE:GS) traded down 0.12% during mid-day trading on Monday, hitting $16.61. The stock had a trading volume of 109,939 shares. The company has a market cap of $492.87 million and a P/E ratio of 15.10. The company has a 50-day moving average price of $18.08 and a 200 day moving average price of $17.64. Gluskin Sheff + Associates has a 1-year low of $14.81 and a 1-year high of $23.93.
In other news, insider David Roy Morris purchased 1,789 shares of Gluskin Sheff + Associates stock in a transaction dated Tuesday, September 6th. The shares were bought at an average cost of C$19.23 per share, with a total value 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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