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

Guardian Capital Group Limited (TSE:GCG.A - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$41.91 and traded as low as C$40.16. Guardian Capital Group shares last traded at C$40.31, with a volume of 3,684 shares.

Wall Street Analysts Forecast Growth

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 Tuesday, May 13th.

Guardian Capital Group Stock Performance

The stock has a market capitalization of C$905.69 million, a P/E ratio of 16.77, a PEG ratio of -22.04 and a beta of 1.11. 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 stock's 50-day simple moving average is C$40.43 and its 200 day simple moving average is C$41.96.

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.