Guardian Capital Group (TSE:GCG) Stock Price Crosses Above 200 Day Moving Average of $39.12

Guardian Capital Group Limited (TSE:GCG – Get Rating)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$39.12 and traded as high as C$43.76. Guardian Capital Group shares last traded at C$43.75, with a volume of 500 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on GCG shares. BMO Capital Markets set a C$54.00 target price on shares of Guardian Capital Group and gave the company an “outperform” rating in a research report on Friday, March 3rd. Scotiabank boosted their price target on shares of Guardian Capital Group from C$56.00 to C$57.00 in a report on Wednesday, May 17th.

Guardian Capital Group Stock Down 1.7 %

The company has a market cap of C$120.31 million, a price-to-earnings ratio of -8.09 and a beta of 1.13. The company has a current ratio of 0.63, a quick ratio of 0.64 and a debt-to-equity ratio of 12.24. The firm’s fifty day moving average price is C$43.03 and its 200-day moving average price is C$39.15.

Guardian Capital Group (TSE:GCG – Get Rating) last announced its earnings results on Thursday, March 2nd. The financial services provider reported C$0.96 earnings per share for the quarter. The firm had revenue of C$50.68 million during the quarter. Guardian Capital Group had a net margin of 216.17% and a negative return on equity of 3.21%. Sell-side analysts predict that Guardian Capital Group Limited will post 2.262151 earnings per share for the current year.

Guardian Capital Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Tuesday, July 11th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Monday, July 10th. Guardian Capital Group’s payout ratio is presently -25.14%.

Guardian Capital Group Company Profile

(Get Rating)

Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada and internationally. The company operates through Investment management, Wealth management, Corporate activities and investment segments. The Investment management segment provides investment management services provided to clients.