BMO Capital Markets Trims Gluskin Sheff + Associates Inc (GS) Target Price to C$17.00
Gluskin Sheff + Associates Inc (TSE:GS) had its price objective dropped by equities research analysts at BMO Capital Markets from C$18.00 to C$17.00 in a research note issued to investors on Tuesday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 3.16% from the company’s current price.
Other equities analysts have also recently issued research reports about the stock. CIBC raised their target price on shares of Gluskin Sheff + Associates from C$19.50 to C$21.50 in a research note on Friday, July 7th. TD Securities raised their target price on shares of Gluskin Sheff + Associates from C$17.00 to C$19.00 and gave the company a “hold” rating in a research note on Friday, July 7th. Finally, Scotiabank cut shares of Gluskin Sheff + Associates from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$20.00 to C$18.00 in a research note on Wednesday, October 11th. Seven equities research analysts have rated the stock with a hold rating, Gluskin Sheff + Associates has an average rating of “Hold” and a consensus price target of C$17.71.
Shares of Gluskin Sheff + Associates (GS) traded down 3.64% during mid-day trading on Tuesday, hitting $15.88. 94,449 shares of the stock traded hands. Gluskin Sheff + Associates has a 12-month low of $14.39 and a 12-month high of $19.93. The firm’s 50 day moving average price is $17.64 and its 200-day moving average price is $16.89. The stock has a market cap of $478.54 million and a P/E ratio of 11.51.
In other news, insider Peter Aaron Zaltz sold 8,221 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of C$17.32, for a total transaction of C$142,387.72.
About Gluskin Sheff + Associates
Gluskin Sheff + Associates Inc is a wealth management company serving high net worth private clients and institutional investors. The Company provides discretionary investment management services. It provides private client services to high net worth investors, including entrepreneurs, family trusts, private charitable foundations and estates.
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