Gluskin Sheff + Associates Inc (GS) Price Target Cut to C$20.00
Gluskin Sheff + Associates Inc (TSE:GS) had its price target dropped by equities research analysts at TD Securities from C$21.00 to C$20.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 20.26% from the company’s current price.
A number of other research analysts have also commented on GS. Scotiabank decreased their price target on shares of Gluskin Sheff + Associates from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, September 16th. Desjardins decreased their price target on shares of Gluskin Sheff + Associates from C$20.00 to C$19.00 and set a “hold” rating on the stock in a research note on Friday, September 16th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$20.00 price target on shares of Gluskin Sheff + Associates in a research note on Friday, September 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Gluskin Sheff + Associates has a consensus rating of “Hold” and a consensus price target of C$20.44.
Shares of Gluskin Sheff + Associates (TSE:GS) opened at 16.63 on Monday. The company has a market cap of $493.46 million and a PE ratio of 15.12. The company has a 50 day moving average of $18.08 and a 200 day moving average of $17.64. Gluskin Sheff + Associates has a 1-year low of $14.81 and a 1-year high of $23.93.
In other news, insider David Roy Morris purchased 1,789 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was bought at an average price 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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