Guardian Capital Group (TSE:GCG.A) Stock Crosses Below 200 Day Moving Average – What’s Next?

Guardian Capital Group Limited (TSE:GCG.A)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$42.00 and traded as low as C$41.30. Guardian Capital Group shares last traded at C$41.78, with a volume of 585 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GCG.A. BMO Capital Markets raised their target price on Guardian Capital Group from C$50.00 to C$51.00 in a report on Thursday, December 19th. Scotiabank decreased their price objective on Guardian Capital Group from C$56.00 to C$55.00 in a research note on Monday, March 10th.

Guardian Capital Group Price Performance

The firm’s 50-day moving average is C$43.44 and its two-hundred day moving average is C$42.00. The company has a debt-to-equity ratio of 14.28, a current ratio of 1.03 and a quick ratio of 0.64. The company has a market cap of C$928.35 million, a P/E ratio of 17.19, a PEG ratio of -22.04 and a beta of 1.11.

About Guardian Capital Group

Guardian Capital Group Ltd is a diversified financial services company. It operates in two main business areas, Asset Management and Financial Advisory. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio.