Guardian Capital Group (TSE:GCG) Price Target Cut to C$47.00

Guardian Capital Group (TSE:GCG) had its price objective cut by CIBC from C$54.00 to C$47.00 in a research note released on Friday, BayStreet.CA reports.

Separately, Scotiabank lowered their target price on Guardian Capital Group from C$58.00 to C$55.00 and set an outperform rating for the company in a research note on Tuesday, May 14th.

Guardian Capital Group Stock Performance

TSE:GCG opened at C$42.95 on Friday. The company has a market cap of C$117.68 million, a price-to-earnings ratio of 11.16 and a beta of 1.12. Guardian Capital Group has a fifty-two week low of C$39.41 and a fifty-two week high of C$52.13. The company has a debt-to-equity ratio of 13.52, a quick ratio of 0.64 and a current ratio of 0.80. The stock has a fifty day moving average price of C$43.67 and a 200-day moving average price of C$45.98.

Guardian Capital Group (TSE:GCG) last issued its earnings results on Thursday, May 9th. The financial services provider reported C$0.86 EPS for the quarter. The company had revenue of C$62.50 million during the quarter. Guardian Capital Group had a net margin of 38.72% and a return on equity of 7.89%. As a group, equities analysts anticipate that Guardian Capital Group will post 1.9313682 EPS for the current fiscal year.

Guardian Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, July 18th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Thursday, July 11th. Guardian Capital Group’s payout ratio is 38.44%.

About Guardian Capital Group

Guardian Capital Group Limited, through its subsidiaries, primarily engages in the provision of investment services to a range of clients in Canada, the United States, the United Kingdom, the Caribbean, and internationally. The company operates through two segments: Investment Management, and Corporate Activities and Investments.