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Guardian Capital Group (TSE:GCG.A) Stock Price Passes Below 200-Day Moving Average - Here's What Happened

Guardian Capital Group logo with Financial Services background

Guardian Capital Group Limited (TSE:GCG.A - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.02 and traded as low as C$40.68. Guardian Capital Group shares last traded at C$40.80, with a volume of 5,250 shares trading hands.

Analysts Set New Price Targets

Separately, Scotiabank lowered their target price on shares of Guardian Capital Group from C$54.00 to C$53.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd.

Get Our Latest Analysis on GCG.A

Guardian Capital Group Trading Up 3.6%

The firm has a market capitalization of C$961.02 million, a price-to-earnings ratio of 17.80, a P/E/G ratio of -22.04 and a beta of 1.11. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.64 and a current ratio of 1.03. The company has a 50 day moving average price of C$41.21 and a two-hundred day moving average price of C$42.01.

Guardian Capital Group Company Profile

(Get Free Report)

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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