Shares of Guardian Capital Group Ltd. (TSE:GCG.A – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$45.42 and traded as low as C$45.20. Guardian Capital Group shares last traded at C$45.30, with a volume of 3,800 shares.
Wall Street Analysts Forecast Growth
GCG.A has been the subject of several recent analyst reports. CIBC downgraded Guardian Capital Group from an “outperform” rating to a “neutral” rating and set a C$54.00 target price for the company. in a research note on Monday, February 26th. Scotiabank lowered their price objective on Guardian Capital Group from C$60.00 to C$58.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th.
Get Our Latest Stock Analysis on Guardian Capital Group
Guardian Capital Group Stock Performance
Guardian Capital Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 19th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.31%. This is an increase from Guardian Capital Group’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, April 11th. Guardian Capital Group’s dividend payout ratio (DPR) is 37.09%.
About Guardian Capital Group
Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada, the United Kingdom, the United States, and the Caribbean. It manages institutional assets for pension plans, insurers, foundations, endowments, third-party mutual funds, and ETFs; and provides private wealth management services to individuals, families, and charitable organizations.
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