Gluskin Sheff + Associates Inc (GS) Given Consensus Rating of “Hold” by Analysts
Shares of Gluskin Sheff + Associates Inc (TSE:GS) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$18.64.
Several research analysts have recently issued reports on GS shares. CIBC raised their target price on shares of Gluskin Sheff + Associates from C$19.50 to C$21.50 in a report on Friday, July 7th. TD Securities raised their target price on shares of Gluskin Sheff + Associates from C$17.00 to C$19.00 and gave the stock a “hold” rating in a report on Friday, July 7th. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$18.00 target price on shares of Gluskin Sheff + Associates in a report on Friday, July 7th.
Shares of Gluskin Sheff + Associates (TSE:GS) opened at 18.89 on Friday. Gluskin Sheff + Associates has a 52-week low of $14.39 and a 52-week high of $19.93. The company’s 50-day moving average is $17.12 and its 200 day moving average is $16.88. The firm has a market capitalization of $569.25 million and a P/E ratio of 13.69.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Tuesday, October 3rd will be paid a $0.25 dividend. This is a positive change from Gluskin Sheff + Associates’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 5.29%.
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In related news, insider Peter Aaron Zaltz sold 8,221 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of C$17.32, for a total value of C$142,387.72.
Gluskin Sheff + Associates Company Profile
Gluskin Sheff + Associates Inc is a wealth management company serving high net worth private clients and institutional investors. The Company provides discretionary investment management services. It provides private client services to high net worth investors, including entrepreneurs, family trusts, private charitable foundations and estates.
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