Guardian Capital Group (TSE:GCG) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Guardian Capital Group shares have recently traded above their 200-day moving average at C$43.00, indicating positive momentum in the stock's performance.
• CIBC has lowered its price target for Guardian Capital Group from C$47.00 to C$45.00 while maintaining a "neutral" rating, reflecting a cautious outlook from analysts.
• The company announced a quarterly dividend of $0.39, which translates to an annualized yield of 3.6% and a payout ratio of 33.15%.

Shares of Guardian Capital Group Limited (TSE:GCG - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.37 and traded as high as C$43.00. Guardian Capital Group shares last traded at C$43.00, with a volume of 500 shares traded.

Wall Street Analyst Weigh In

Separately, CIBC reduced their target price on Guardian Capital Group from C$47.00 to C$45.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$45.00.

Guardian Capital Group Stock Up 3.4%

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 stock has a market cap of C$1.10 billion, a PE ratio of 10.08 and a beta of 1.10. The business has a fifty day moving average of C$43.07 and a 200-day moving average of C$42.32.

Guardian Capital Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 18th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.56 dividend on an annualized basis and a yield of 3.5%. Guardian Capital Group's payout ratio is 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.