Guardian Capital Group (TSE:GCG.A) Stock Crosses Below 200 Day Moving Average of $45.50

Guardian Capital Group Limited (TSE:GCG.A)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$45.50 and traded as low as C$39.78. Guardian Capital Group shares last traded at C$40.49, with a volume of 7,606 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GCG.A. Scotiabank cut their target price on shares of Guardian Capital Group from C$56.00 to C$55.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. BMO Capital Markets decreased their price objective on shares of Guardian Capital Group from C$56.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th.

Guardian Capital Group Stock Performance

The company has a market cap of C$888.58 million, a PE ratio of 16.46, a PEG ratio of -22.04 and a beta of 1.11. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 14.28. The business’s 50 day moving average is C$42.72 and its two-hundred day moving average is C$45.40.

Guardian Capital Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Thursday, July 18th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.48 annualized dividend and a yield of 3.70%. Guardian Capital Group’s payout ratio is 60.91%.

About Guardian Capital Group

Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada, the United Kingdom, the United States, and the Caribbean. It manages institutional assets for pension plans, insurers, foundations, endowments, third-party mutual funds, and ETFs; and provides private wealth management services to individuals, families, and charitable organizations.