Desjardins Cuts Gluskin Sheff + Associates (GS) Price Target to C$16.50
Gluskin Sheff + Associates (TSE:GS) had its price objective lowered by research analysts at Desjardins from C$18.00 to C$16.50 in a research report issued to clients and investors on Friday. Desjardins’ target price would indicate a potential upside of 13.64% from the stock’s previous close.
GS has been the topic of several other reports. CIBC decreased their target price on shares of Gluskin Sheff + Associates from C$17.50 to C$17.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. BMO Capital Markets decreased their target price on shares of Gluskin Sheff + Associates from C$18.00 to C$17.00 and set a “market perform” rating on the stock in a report on Tuesday, October 17th. Finally, Royal Bank of Canada decreased their target price on shares of Gluskin Sheff + Associates from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a report on Monday, November 13th. Five investment analysts have rated the stock with a hold rating, Gluskin Sheff + Associates presently has a consensus rating of “Hold” and an average target price of C$17.25.
Gluskin Sheff + Associates (TSE GS) traded down C$1.11 during trading hours on Friday, reaching C$14.52. 317,014 shares of the company were exchanged, compared to its average volume of 134,412. Gluskin Sheff + Associates has a 1-year low of C$14.41 and a 1-year high of C$19.93. The company has a market capitalization of $487.57, a price-to-earnings ratio of 10.84 and a beta of 1.09.
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About Gluskin Sheff + Associates
Gluskin Sheff + Associates Inc is a wealth management company serving high net worth private clients and institutional investors. The Company provides discretionary investment management services. It provides private client services to high net worth investors, including entrepreneurs, family trusts, private charitable foundations and estates.
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