Gluskin Sheff + Associates Inc (TSE:GS) was downgraded by stock analysts at CIBC from an “outperform” rating to a “neutral” rating in a research report issued on Thursday. They currently have a C$18.00 price target on the stock, down from their prior price target of C$21.50. CIBC’s target price indicates a potential upside of 11.04% from the stock’s previous close.

GS has been the topic of a number of other reports. Scotiabank downgraded shares of Gluskin Sheff + Associates from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$20.00 to C$18.00 in a report on Wednesday. TD Securities boosted their price target 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 reissued a “market perform” rating and issued a C$18.00 price target on shares of Gluskin Sheff + Associates in a report on Friday, July 7th. Seven investment analysts have rated the stock with a hold rating, Gluskin Sheff + Associates currently has an average rating of “Hold” and a consensus target price of C$17.86.

Shares of Gluskin Sheff + Associates (GS) traded down 1.40% on Thursday, reaching $16.21. 265,725 shares of the company traded hands. The firm has a 50-day moving average price of $17.68 and a 200 day moving average price of $16.91. Gluskin Sheff + Associates has a one year low of $14.39 and a one year high of $19.93. The company has a market capitalization of $488.49 million and a PE ratio of 11.75.

ILLEGAL ACTIVITY WARNING: “Gluskin Sheff + Associates Inc (GS) Rating Lowered to Neutral at CIBC” was first posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/12/gluskin-sheff-associates-inc-gs-rating-lowered-to-neutral-at-cibc.html.

In related news, insider Peter Aaron Zaltz sold 8,221 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of C$17.32, for a total value of C$142,387.72.

About Gluskin Sheff + Associates

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.

Analyst Recommendations for Gluskin Sheff + Associates (TSE:GS)

Receive News & Ratings for Gluskin Sheff + Associates Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gluskin Sheff + Associates Inc and related companies with MarketBeat.com's FREE daily email newsletter.