Guardian Capital Group (TSE:GCG.A) Stock Price Passes Above 50-Day Moving Average of $41.13

Shares of Guardian Capital Group Ltd. (TSE:GCG.A) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$41.13 and traded as high as C$42.30. Guardian Capital Group shares last traded at C$42.30, with a volume of 1,600 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GCG.A. BMO Capital Markets increased their price target on Guardian Capital Group from C$54.00 to C$55.00 in a research note on Monday, August 14th. CIBC increased their price target on Guardian Capital Group from C$49.00 to C$51.00 in a research note on Tuesday, August 15th.

Guardian Capital Group Price Performance

The company has a debt-to-equity ratio of 12.61, a quick ratio of 0.64 and a current ratio of 0.65. The company has a market cap of C$967.40 million, a P/E ratio of -22.38, a P/E/G ratio of -22.04 and a beta of 1.06. The firm has a 50 day moving average price of C$41.13 and a two-hundred day moving average price of C$41.97.

Guardian Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Tuesday, July 18th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 10th. This represents a $1.36 dividend on an annualized basis and a yield of 3.22%. Guardian Capital Group’s dividend payout ratio (DPR) is -71.96%.

Guardian Capital Group Company Profile

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.