Guardian Capital Group (TSE:GCG.A) Shares Cross Below 200 Day Moving Average of $34.54

Guardian Capital Group Ltd. (TSE:GCG.A – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$34.54 and traded as low as C$28.99. Guardian Capital Group shares last traded at C$29.61, with a volume of 2,727 shares changing hands.

Analyst Upgrades and Downgrades

GCG.A has been the topic of a number of analyst reports. Scotiabank cut their price target on Guardian Capital Group from C$45.00 to C$43.00 in a report on Tuesday, July 26th. BMO Capital Markets dropped their target price on Guardian Capital Group from C$44.00 to C$40.00 in a research note on Monday, July 25th.

Guardian Capital Group Stock Up 0.4 %

The company has a quick ratio of 0.68, a current ratio of 0.84 and a debt-to-equity ratio of 18.21. The business has a 50-day moving average price of C$29.57 and a 200-day moving average price of C$34.54. The firm has a market capitalization of C$796.27 million and a PE ratio of 5.69.

Guardian Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 18th. Shareholders of record on Monday, July 18th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.24%. This is a boost from Guardian Capital Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, July 8th. Guardian Capital Group’s dividend payout ratio is 10.38%.

Guardian Capital Group Company Profile

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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.

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