Guardian Capital Group (TSE:GCG.A) Stock Passes Below 200-Day Moving Average – Should You Sell?

Guardian Capital Group Limited (TSE:GCG.A) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

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

Guardian Capital Group Stock Performance

The company has a quick ratio of 0.64, a current ratio of 1.03 and a debt-to-equity ratio of 14.28. The firm has a market capitalization of C$928.35 million, a price-to-earnings ratio of 17.19, a P/E/G ratio of -22.04 and a beta of 1.11. The stock has a 50-day moving average price of C$43.44 and a 200 day moving average price of C$42.00.

Guardian Capital Group Company Profile

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.