Guardian Capital Group (TSE:GCG.A) Shares Cross Below 200-Day Moving Average – What’s Next?

Guardian Capital Group Limited (TSE:GCG.A) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$43.55 and traded as low as C$39.51. Guardian Capital Group shares last traded at C$39.99, with a volume of 8,201 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. BMO Capital Markets dropped their price objective on shares of Guardian Capital Group from C$56.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Scotiabank dropped their price objective on shares of Guardian Capital Group from C$56.00 to C$55.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th.

Guardian Capital Group Stock Down 0.5 %

The stock has a market cap of C$888.58 million, a PE ratio of 16.46, a price-to-earnings-growth ratio of -22.04 and a beta of 1.11. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 14.28. The business has a 50-day moving average price of C$41.03 and a 200-day moving average price of C$43.55.

About Guardian Capital Group

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.