Guardian Capital Group (TSE:GCG.A) Stock Passes Below 200-Day Moving Average of $42.06

Guardian Capital Group Ltd. (TSE:GCG.A)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.06 and traded as low as C$40.15. Guardian Capital Group shares last traded at C$40.15, with a volume of 19,514 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GCG.A shares. BMO Capital Markets lifted their target price on shares of Guardian Capital Group from C$54.00 to C$55.00 in a research note on Monday, August 14th. CIBC lifted their target price on shares of Guardian Capital Group from C$49.00 to C$51.00 in a research note on Tuesday, August 15th.

Guardian Capital Group Price Performance

The company has a debt-to-equity ratio of 14.20, a quick ratio of 0.64 and a current ratio of 0.68. The firm has a market cap of C$909.08 million, a price-to-earnings ratio of -21.19, a price-to-earnings-growth ratio of -22.04 and a beta of 1.05. The stock’s 50 day simple moving average is C$41.42 and its 200-day simple moving average is C$42.04.

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.