Guardian Capital Group (TSE:GCG.A) Hits New 52-Week High - Should You Buy?

Key Points

• Guardian Capital Group reached a new 52-week high of C$67.52 during trading, with a recent trade at C$67.00 and a volume of 8,682 shares.
• Scotiabank has adjusted its price objective on the company's shares from C$54.00 to C$53.00 while maintaining an "outperform" rating.
• The company recently increased its quarterly dividend from C$0.37 to C$0.39 per share, representing an annualized dividend of C$1.56 and a dividend yield of 2.3%.

Shares of Guardian Capital Group Limited (TSE:GCG.A - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as C$67.52 and last traded at C$67.00, with a volume of 8682 shares changing hands. The stock had previously closed at C$66.90.

Guardian Capital Group Price Performance

The business's fifty day moving average is C$50.47 and its 200-day moving average is C$44.33. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.03 and a quick ratio of 0.64. The firm has a market cap of C$1.64 billion, a PE ratio of 10.83, a P/E/G ratio of -22.04 and a beta of 1.24.

Guardian Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 18th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.3%. This is a boost from Guardian Capital Group's previous quarterly dividend of $0.37. The ex-dividend date was Friday, July 11th. Guardian Capital Group's dividend payout ratio is 24.27%.

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.