Guardian Capital Group (TSE:GCG.A) Share Price Passes Below 200 Day Moving Average – Here’s Why

Guardian Capital Group Limited (TSE:GCG.A)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$42.03 and traded as low as C$42.01. Guardian Capital Group shares last traded at C$42.18, with a volume of 300 shares traded.

Wall Street Analyst Weigh In

Separately, Scotiabank cut their target price on Guardian Capital Group from C$54.00 to C$53.00 and set an “outperform” rating for the company in a research report on Thursday, May 22nd.

Guardian Capital Group Price Performance

The stock has a 50-day simple moving average of C$41.37 and a 200 day simple moving average of C$42.03. The stock has a market capitalization of C$937.24 million, a P/E ratio of 17.36, a price-to-earnings-growth ratio of -22.04 and a beta of 1.11. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.64 and a current ratio of 1.03.

Guardian Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, July 18th will be issued a $0.39 dividend. This is a boost from Guardian Capital Group’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, July 11th. This represents a $1.56 annualized dividend and a yield of 3.70%. Guardian Capital Group’s dividend payout ratio (DPR) is currently 60.91%.

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.