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

Guardian Capital Group Limited (TSE:GCG.A) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.44 and traded as low as C$40.35. Guardian Capital Group shares last traded at C$40.35, with a volume of 3,200 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GCG.A shares. Scotiabank cut their target price on shares of Guardian Capital Group from C$56.00 to C$55.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. BMO Capital Markets cut their price objective on Guardian Capital Group from C$56.00 to C$50.00 and set an “outperform” rating for the company in a report on Monday, August 12th.

Guardian Capital Group Price Performance

The company’s 50-day simple moving average is C$40.45 and its 200 day simple moving average is C$42.44. The company has a market capitalization of C$896.58 million, a P/E ratio of 16.60, a P/E/G ratio of -22.04 and a beta of 1.11. The company has a quick ratio of 0.64, a current ratio of 1.03 and a debt-to-equity ratio of 14.28.

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.