Shares of Guardian Capital Group Ltd. (TSE:GCG.A – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$45.42 and traded as low as C$45.20. Guardian Capital Group shares last traded at C$45.30, with a volume of 3,800 shares trading hands.
Analysts Set New Price Targets
Several brokerages have recently issued reports on GCG.A. Scotiabank decreased their price target on shares of Guardian Capital Group from C$60.00 to C$58.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. CIBC lowered shares of Guardian Capital Group from an “outperform” rating to a “neutral” rating and set a C$54.00 target price for the company. in a research note on Monday, February 26th.
View Our Latest Report on GCG.A
Guardian Capital Group Stock Performance
Guardian Capital Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 19th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.27%. This is a boost from Guardian Capital Group’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, April 11th. Guardian Capital Group’s dividend payout ratio is presently 37.09%.
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.
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