Guardian Capital Group (TSE:GCG) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Guardian Capital Group's share price has recently surpassed its 200-day moving average of C$42.57, trading at C$43.30 as of the latest update.
• CIBC has decreased its price target for Guardian Capital Group from C$47.00 to C$45.00 and assigned a "neutral" rating.
• The company announced a quarterly dividend of $0.39, with an annualized yield of 3.6% and a payout ratio of 33.15%.

Shares of Guardian Capital Group Limited (TSE:GCG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$42.57 and traded as high as C$43.31. Guardian Capital Group shares last traded at C$43.30, with a volume of 1,100 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, CIBC reduced their price target on Guardian Capital Group from C$47.00 to C$45.00 and set a "neutral" rating for the company in a research report on Monday, April 28th.

Guardian Capital Group Price Performance

The company has a market cap of C$1.06 billion, a PE ratio of 9.70 and a beta of 1.10. The business has a 50-day simple moving average of C$42.77 and a 200-day simple moving average of C$42.52. The company has a quick ratio of 0.64, a current ratio of 0.80 and a debt-to-equity ratio of 14.08.

Guardian Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Friday, July 18th were given a dividend of $0.39 per share. The ex-dividend date was Friday, July 11th. This represents a $1.56 dividend on an annualized basis and a yield of 3.6%. Guardian Capital Group's dividend payout ratio is currently 33.15%.

About Guardian Capital Group

Guardian Capital Group Ltd is a diversified financial services company. It operates in two main business areas, Asset Management and Financial Advisory. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio.