CIBC Cuts Guardian Capital Group (TSE:GCG) Price Target to C$45.00

Guardian Capital Group (TSE:GCG) had its price target reduced by CIBC from C$47.00 to C$45.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. CIBC currently has a neutral rating on the financial services provider’s stock.

Guardian Capital Group Price Performance

Shares of GCG opened at C$41.60 on Monday. Guardian Capital Group has a 52 week low of C$38.50 and a 52 week high of C$47.99. The company has a current ratio of 0.80, a quick ratio of 0.64 and a debt-to-equity ratio of 14.08. The stock has a 50 day moving average of C$41.20 and a 200-day moving average of C$42.53. The firm has a market cap of C$1.02 billion, a price-to-earnings ratio of 9.32 and a beta of 1.10.

Guardian Capital Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 17th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from Guardian Capital Group’s previous quarterly dividend of $0.37. Guardian Capital Group’s payout ratio is currently 33.15%.

Guardian Capital Group Company Profile

Guardian Capital Group Limited, through its subsidiaries, primarily engages in the provision of investment services to a range of clients in Canada, the United States, the United Kingdom, the Caribbean, and internationally. The company operates through two segments: Investment Management, and Corporate Activities and Investments.