Guardian Capital Group (TSE:GCG.A) Given New C$50.00 Price Target at BMO Capital Markets

Guardian Capital Group (TSE:GCG.A) had its price objective lowered by BMO Capital Markets from C$56.00 to C$50.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider’s stock.

Separately, Scotiabank boosted their target price on Guardian Capital Group from C$55.00 to C$56.00 in a research report on Wednesday, July 24th.

Guardian Capital Group Stock Down 0.4 %

GCG.A opened at C$42.11 on Monday. The company has a debt-to-equity ratio of 13.52, a current ratio of 0.80 and a quick ratio of 0.64. Guardian Capital Group has a one year low of C$39.40 and a one year high of C$52.83. The firm has a market capitalization of C$943.26 million, a P/E ratio of 17.33, a price-to-earnings-growth ratio of -22.04 and a beta of 1.11. The company has a fifty day moving average price of C$43.27 and a 200-day moving average price of C$46.07.

Guardian Capital Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, July 18th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Thursday, July 11th. Guardian Capital Group’s payout ratio is 60.91%.

About Guardian Capital Group

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.