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Guardian Capital Group (TSE:GCG) Shares Cross Above 200-Day Moving Average - Here's What Happened

Guardian Capital Group logo with Financial Services background

Key Points

  • Guardian Capital Group's stock price recently crossed above its 200-day moving average of C$42.67, reaching as high as C$43.75 during trading.
  • CIBC lowered its price target for Guardian Capital Group from C$47.00 to C$45.00 and assigned a "neutral" rating for the stock.
  • The company announced a quarterly dividend of $0.39, which reflects an annualized dividend of $1.56 and a yield of 3.61%.
  • Want stock alerts on Guardian Capital Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Guardian Capital Group Limited (TSE:GCG - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.67 and traded as high as C$43.75. Guardian Capital Group shares last traded at C$43.26, with a volume of 1,900 shares.

Wall Street Analysts Forecast Growth

Separately, CIBC cut their price objective on shares of 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.

View Our Latest Research Report on Guardian Capital Group

Guardian Capital Group Stock Performance

The company has a quick ratio of 0.64, a current ratio of 0.80 and a debt-to-equity ratio of 14.08. The firm has a market cap of C$1.06 billion, a PE ratio of 9.69 and a beta of 1.10. The stock's fifty day simple moving average is C$42.65 and its two-hundred day simple moving average is C$42.61.

Guardian Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 18th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.56 annualized dividend and a dividend yield of 3.61%. Guardian Capital Group's dividend payout ratio (DPR) is presently 33.15%.

Guardian Capital Group Company Profile

(Get Free Report)

Guardian Capital Group Limited, through its subsidiaries, primarily engages in the provision of investment services to a range of clients in Canada, the United States, the United Kingdom, the Caribbean, and internationally. The company operates through two segments: Investment Management, and Corporate Activities and Investments.

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