Guardian Capital Group (TSE:GCG) Sets New 1-Year Low – Time to Sell?

Shares of Guardian Capital Group Limited (TSE:GCG) hit a new 52-week low on Friday . The company traded as low as C$37.51 and last traded at C$39.48, with a volume of 802 shares. The stock had previously closed at C$40.75.

Wall Street Analysts Forecast Growth

Separately, CIBC raised their price target on shares of Guardian Capital Group from C$44.00 to C$47.00 and gave the company a “neutral” rating in a research report on Friday, March 7th.

Guardian Capital Group Stock Performance

The stock has a market cap of C$964.57 million, a price-to-earnings ratio of 8.84 and a beta of 1.10. The firm’s 50-day moving average price is C$42.84 and its two-hundred day moving average price is C$42.57. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 17th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.95%. This is a positive change from Guardian Capital Group’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, April 11th. Guardian Capital Group’s dividend payout ratio is presently 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.