Guardian Capital Group (TSE:GCG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Guardian Capital Group Limited (TSE:GCG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.66 and traded as high as C$44.01. Guardian Capital Group shares last traded at C$44.00, with a volume of 996 shares trading hands.

Analyst Upgrades and Downgrades

Separately, CIBC lowered their target price on shares of Guardian Capital Group from C$47.00 to C$45.00 and set a “neutral” rating on the stock in a report on Monday, April 28th.

Guardian Capital Group Trading Up 5.4%

The stock has a market cap of C$1.07 billion, a PE ratio of 9.86 and a beta of 1.10. The business’s fifty day moving average is C$42.01 and its 200 day moving average is C$42.66. The company has a quick ratio of 0.64, a current ratio of 0.80 and a debt-to-equity ratio of 14.08.

Guardian Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Friday, July 18th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Friday, July 11th. Guardian Capital Group’s payout ratio is currently 33.15%.

Guardian Capital Group Company Profile

Guardian Capital Group Limited, through its subsidiaries, primarily engages in the provision of investment services to a range of clients in Canada, the United States, the United Kingdom, the Caribbean, and internationally. The company operates through two segments: Investment Management, and Corporate Activities and Investments.