CIBC Issues Positive Forecast for Guardian Capital Group (TSE:GCG) Stock Price

Guardian Capital Group (TSE:GCG) had its price target boosted by CIBC from C$44.00 to C$47.00 in a research report report published on Friday,BayStreet.CA reports. They currently have a neutral rating on the financial services provider’s stock.

Guardian Capital Group Stock Performance

Shares of GCG stock opened at C$41.52 on Friday. The company has a debt-to-equity ratio of 14.08, a quick ratio of 0.64 and a current ratio of 0.80. Guardian Capital Group has a fifty-two week low of C$39.47 and a fifty-two week high of C$51.59. The stock has a 50 day moving average price of C$44.70 and a two-hundred day moving average price of C$42.67. The company has a market capitalization of C$1.01 billion, a P/E ratio of 9.30 and a beta of 1.10.

Guardian Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 3.56%. Guardian Capital Group’s payout ratio is currently 33.15%.

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.