TD Securities Lowers Gluskin Sheff + Associates (GS) Price Target to C$13.00
Gluskin Sheff + Associates (TSE:GS) had its price target reduced by equities researchers at TD Securities from C$16.00 to C$13.00 in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 11.97% from the stock’s previous close.
Several other equities research analysts also recently commented on GS. CIBC upped their target price on Gluskin Sheff + Associates from C$17.00 to C$19.00 in a report on Friday, July 20th. BMO Capital Markets reduced their target price on Gluskin Sheff + Associates from C$17.00 to C$16.00 in a report on Monday, September 24th. Finally, Royal Bank of Canada reduced their target price on Gluskin Sheff + Associates from C$18.00 to C$15.00 and set a “sector perform” rating for the company in a report on Thursday. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of C$16.08.
Shares of TSE GS traded up C$0.01 during mid-day trading on Friday, hitting C$11.61. 277,958 shares of the company traded hands, compared to its average volume of 107,458. Gluskin Sheff + Associates has a 1 year low of C$11.29 and a 1 year high of C$18.05.
Gluskin Sheff + Associates Inc is a publicly owned investment manager. The firm also provides wealth management services. It primarily provides its services to high net worth investors, including entrepreneurs, professionals, family trusts, private charitable foundations, pension and profit sharing plans, pooled investment vehicles, charitable organizations , corporations, institutions, insurance companies, and estates.
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