Shares of Gluskin Sheff + Associates Inc (TSE:GS) have earned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$18.64.
A number of equities research analysts have recently issued reports on GS shares. TD Securities reduced their price target on shares of Gluskin Sheff + Associates from C$19.00 to C$17.00 and set a “hold” rating for the company in a research report on Friday, May 12th. CIBC raised their price objective on shares of Gluskin Sheff + Associates from C$19.50 to C$21.50 in a research note on Friday, July 7th. Scotiabank dropped their price objective on shares of Gluskin Sheff + Associates from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, May 12th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$18.00 price objective on shares of Gluskin Sheff + Associates in a research note on Friday, July 7th.
Gluskin Sheff + Associates (TSE:GS) traded down 0.77% during midday trading on Friday, hitting $16.66. The stock had a trading volume of 33,409 shares. Gluskin Sheff + Associates has a 12-month low of $14.39 and a 12-month high of $19.93. The stock has a 50-day moving average price of $16.80 and a 200 day moving average price of $17.23. The firm has a market cap of $502.05 million and a P/E ratio of 12.82.
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About Gluskin Sheff + Associates
Gluskin Sheff + Associates Inc is a publicly owned investment manager. The firm also provides wealth management services. It primarily provides its services to high net worth investors, including entrepreneurs, professionals, family trusts, private charitable foundations, pension and profit sharing plans, pooled investment vehicles, charitable organizations , corporations, institutions, insurance companies, and estates.
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