CIBC Increases Gluskin Sheff Price Target to C$24.00 (GS)
Research analysts at CIBC hoisted their price objective on shares of Gluskin Sheff (TSE:GS) from C$22.00 to C$24.00 in a report released on Friday, American Banking & Market News reports. CIBC’s price target points to a potential downside of 11.47% from the stock’s previous close.
A number of other firms have also recently commented on GS. Analysts at M Partners downgraded shares of Gluskin Sheff from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a C$27.25 price target on the stock, up previously from C$24.00. Separately, analysts at RBC Capital raised their price target on shares of Gluskin Sheff from C$27.00 to C$28.00 in a research note to investors on Tuesday, December 3rd. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Gluskin Sheff from C$26.00 to C$27.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$25.46.
Gluskin Sheff (TSE:GS) opened at 27.11 on Friday. Gluskin Sheff has a one year low of $14.90 and a one year high of $27.19. The stock’s 50-day moving average is $25.11 and its 200-day moving average is $21.79. The company has a market cap of $777.9 million and a P/E ratio of 15.03.
Gluskin Sheff + Associates Inc (TSE:GS) is a wealth management company.
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