Guardian Capital Group (TSE:GCG) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Guardian Capital Group's share price rose above its 200-day moving average on Monday, reaching a high of C$43.89.
• CIBC has lowered its price target for Guardian Capital Group from C$47.00 to C$45.00, maintaining a "neutral" rating.
• The company declared a quarterly dividend of $0.39 per share, with an annualized yield of 3.6%.

Shares of Guardian Capital Group Limited (TSE:GCG - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$42.42 and traded as high as C$43.89. Guardian Capital Group shares last traded at C$43.89, with a volume of 100 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, CIBC cut their price objective 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 debt-to-equity ratio of 14.08, a current ratio of 0.80 and a quick ratio of 0.64. The firm has a market capitalization of C$1.07 billion, a PE ratio of 9.83 and a beta of 1.10. The company has a 50-day moving average price of C$42.77 and a 200-day moving average price of C$42.42.

Guardian Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 18th were issued 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 dividend yield of 3.6%. Guardian Capital Group's payout ratio is 33.15%.

Guardian Capital Group Company Profile

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.

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