Scotiabank Cuts Guardian Capital Group (TSE:GCG.A) Price Target to C$53.00

Guardian Capital Group (TSE:GCG.A) had its target price reduced by analysts at Scotiabank from C$54.00 to C$53.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Scotiabank’s price objective would indicate a potential upside of 30.80% from the stock’s previous close.

Guardian Capital Group Price Performance

Shares of GCG.A opened at C$40.52 on Tuesday. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.64 and a current ratio of 1.03. The company has a 50 day moving average price of C$40.37 and a 200-day moving average price of C$41.91. Guardian Capital Group has a fifty-two week low of C$37.51 and a fifty-two week high of C$46.13. The stock has a market capitalization of C$900.35 million, a PE ratio of 16.67, a PEG ratio of -22.04 and a beta of 1.11.

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.