Guardian Capital Group Limited (TSE:GCG.A – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$46.13 and traded as low as C$42.62. Guardian Capital Group shares last traded at C$43.40, with a volume of 12,055 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. CIBC lowered Guardian Capital Group from an “outperform” rating to a “neutral” rating and set a C$54.00 price objective for the company. in a research report on Monday, February 26th. Scotiabank decreased their target price 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.
View Our Latest Research Report on GCG.A
Guardian Capital Group Stock Up 0.9 %
Guardian Capital Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 19th were paid a $0.37 dividend. This is a positive change from Guardian Capital Group’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 3.41%. Guardian Capital Group’s dividend payout ratio is presently 38.44%.
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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