Guardian Capital Group (TSE:GCG) had its price target lowered by Scotiabank from C$29.00 to C$22.00 in a report issued on Tuesday morning, BayStreet.CA reports.
Shares of Guardian Capital Group stock opened at C$17.50 on Tuesday. Guardian Capital Group has a 1 year low of C$15.26 and a 1 year high of C$28.88. The business has a 50-day moving average of C$24.07 and a two-hundred day moving average of C$25.02. The company has a market capitalization of $492.75 million and a P/E ratio of 3.89. The company has a debt-to-equity ratio of 18.55, a current ratio of 0.74 and a quick ratio of 0.70.
Guardian Capital Group (TSE:GCG) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported C$1.13 earnings per share (EPS) for the quarter. The business had revenue of C$49.87 million during the quarter. On average, equities analysts anticipate that Guardian Capital Group will post 0.9900001 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Friday, April 17th will be issued a $0.16 dividend. This is an increase from Guardian Capital Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Wednesday, April 8th. Guardian Capital Group’s dividend payout ratio is 12.77%.
In other Guardian Capital Group news, insider Guardian Capital Group Limited purchased 81,400 shares of the stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of C$26.00 per share, for a total transaction of C$2,116,400.00. Following the completion of the acquisition, the insider now directly owns 81,400 shares of the company’s stock, valued at C$2,116,400.
About Guardian Capital Group
Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada, the United Kingdom, the United States, and the Caribbean. It manages institutional assets for pension plans, insurers, foundations, endowments, third-party mutual funds, and ETFs; and provides private wealth management services to individuals, families, and charitable organizations.
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