Guardian Capital Group (TSE:GCG.A) Stock Price Passes Below 200 Day Moving Average of $46.13

Guardian Capital Group Limited (TSE:GCG.A)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$46.13 and traded as low as C$42.62. Guardian Capital Group shares last traded at C$43.40, with a volume of 12,055 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GCG.A shares. Scotiabank dropped their price objective on Guardian Capital Group from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. CIBC lowered shares of Guardian Capital Group from an “outperform” rating to a “neutral” rating and set a C$54.00 price target for the company. in a research note on Monday, February 26th.

Guardian Capital Group Trading Up 0.9 %

The company has a current ratio of 0.80, a quick ratio of 0.64 and a debt-to-equity ratio of 13.52. The stock has a market capitalization of C$972.16 million, a PE ratio of 11.27, a P/E/G ratio of -22.04 and a beta of 1.12. The stock has a 50 day moving average price of C$44.98 and a 200-day moving average price of C$46.13.

Guardian Capital Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 19th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.41%. This is a boost from Guardian Capital Group’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, April 11th. Guardian Capital Group’s dividend payout ratio (DPR) is presently 38.44%.

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.