Guardian Capital Group (TSE:GCG) Shares Pass Above 200-Day Moving Average - What's Next?

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%.

Guardian Capital Group Limited (TSE:GCG - Get Free Report)'s share price crossed 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.

Wall Street Analysts Forecast Growth

Separately, CIBC dropped 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. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$45.00.

Guardian Capital Group Stock Performance

The firm has a market cap of C$1.13 billion, a PE ratio of 10.35 and a beta of 1.10. 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 50-day moving average price of C$43.25 and a 200 day moving average price of C$42.35.

Guardian Capital Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Friday, July 18th were given 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 dividend yield of 3.4%. Guardian Capital Group's 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.