Scotiabank Issues Pessimistic Forecast for Guardian Capital Group (TSE:GCG.A) Stock Price

Guardian Capital Group (TSE:GCG.A) had its price target dropped by Scotiabank from C$56.00 to C$55.00 in a report released on Monday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 35.50% from the company’s previous close.

Separately, BMO Capital Markets increased their price target on shares of Guardian Capital Group from C$50.00 to C$51.00 in a research report on Thursday, December 19th.

Guardian Capital Group Price Performance

Shares of TSE:GCG.A traded down C$0.41 during midday trading on Monday, hitting C$40.59. The company had a trading volume of 2,001 shares, compared to its average volume of 6,853. Guardian Capital Group has a twelve month low of C$38.74 and a twelve month high of C$51.35. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.03 and a quick ratio of 0.64. The stock has a market cap of C$901.91 million, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of -22.04 and a beta of 1.11. The business’s 50-day simple moving average is C$44.01 and its 200-day simple moving average is C$42.02.

Guardian Capital Group Company Profile

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.