Guardian Capital Group (TSE:GCG.A) Shares Cross Below 200 Day Moving Average - Should You Sell?

Guardian Capital Group Limited (TSE:GCG.A - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$42.03 and traded as low as C$42.01. Guardian Capital Group shares last traded at C$42.18, with a volume of 300 shares traded.

Analyst Upgrades and Downgrades

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

Guardian Capital Group Stock Performance

The firm's fifty day moving average price is C$41.47 and its 200-day moving average price is C$42.07. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 14.28. The firm has a market cap of C$936.80 million, a price-to-earnings ratio of 17.35, a PEG ratio of -22.04 and a beta of 1.11.

Guardian Capital Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Friday, July 18th will be issued a $0.39 dividend. This is a boost from Guardian Capital Group's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.56 annualized dividend and a dividend yield of 3.70%. Guardian Capital Group's dividend payout ratio is presently 60.91%.

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.