Gluskin Sheff + Associates Inc. (GS) Shares Down 0.3% After Analyst Downgrade
Gluskin Sheff + Associates Inc. (TSE:GS)’s share price was down 0.3% during mid-day trading on Monday after Royal Bank Of Canada lowered their price target on the stock from C$18.00 to C$17.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Gluskin Sheff + Associates traded as low as C$16.44 and last traded at C$16.60. Approximately 75,076 shares changed hands during trading, a decline of 16% from the average daily volume of 89,746 shares. The stock had previously closed at C$16.65.
GS has been the topic of a number of other reports. Scotiabank downgraded Gluskin Sheff + Associates from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$20.00 to C$18.00 in a research report on Wednesday, October 11th. BMO Capital Markets cut their price target on Gluskin Sheff + Associates from C$18.00 to C$17.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 17th. CIBC downgraded Gluskin Sheff + Associates from an “outperform” rating to a “neutral” rating and cut their price target for the stock from C$21.50 to C$18.00 in a research report on Thursday, October 12th. Finally, Desjardins cut their price target on Gluskin Sheff + Associates from C$19.00 to C$18.00 in a research report on Tuesday, October 31st. Six investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of C$17.79.
In related 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 value of C$142,387.72.
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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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