Gluskin Sheff + Associates Inc (GS) Stock Rating Reaffirmed by Canaccord Genuity
Gluskin Sheff + Associates Inc (TSE:GS)‘s stock had its “hold” rating restated by research analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They presently have a C$18.00 price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 7.21% from the company’s previous close.
Several other analysts have also recently commented on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Gluskin Sheff + Associates in a research note on Monday, July 18th. TD Securities restated a “buy” rating and set a C$20.00 price objective on shares of Gluskin Sheff + Associates in a research note on Monday, July 18th. Desjardins decreased their price objective on shares of Gluskin Sheff + Associates from C$20.00 to C$19.00 and set a “hold” rating for the company in a research note on Friday. Scotiabank set a C$23.00 price objective on shares of Gluskin Sheff + Associates and gave the company an “outperform” rating in a research note on Friday. Finally, CIBC decreased their price objective on shares of Gluskin Sheff + Associates from C$21.00 to C$20.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Gluskin Sheff + Associates currently has a consensus rating of “Hold” and an average price target of C$20.56.
Shares of Gluskin Sheff + Associates (TSE:GS) traded down 0.54% during trading on Monday, hitting $16.70. 75,610 shares of the company were exchanged. The firm’s 50-day moving average price is $18.16 and its 200 day moving average price is $17.69. Gluskin Sheff + Associates has a 12 month low of $14.81 and a 12 month high of $23.93. The firm has a market capitalization of $495.54 million and a PE ratio of 12.01.
In other news, insider David Roy Morris bought 1,789 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was purchased at an average cost of C$19.23 per share, with a total value of C$34,402.47.
Gluskin Sheff + Associates Company Profile
Gluskin Sheff + Associates Inc is a wealth management company, which is engaged in providing investment management services for high net worth private clients in Canada and abroad. The Company offers its clients various investment strategies across equity, fixed income and alternative asset classes. The Company provides wealth management services to high net worth investors, including entrepreneurs, professionals, family trusts, private charitable foundations and estates, and also serves number of institutions as clients.
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