Guardian Capital Group (TSE:GCG.A) Stock Price Crosses Above Fifty Day Moving Average of $29.53

Guardian Capital Group Ltd. (TSE:GCG.AGet Rating) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$29.53 and traded as high as C$30.23. Guardian Capital Group shares last traded at C$29.50, with a volume of 2,707 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GCG.A shares. BMO Capital Markets reduced their price objective on Guardian Capital Group from C$44.00 to C$40.00 in a research report on Monday, July 25th. Scotiabank lowered their price target on shares of Guardian Capital Group from C$45.00 to C$43.00 in a report on Tuesday, July 26th.

Guardian Capital Group Stock Performance

The firm has a market cap of C$783.15 million and a P/E ratio of 5.72. The stock’s 50 day moving average is C$29.59 and its two-hundred day moving average is C$33.09. The company has a debt-to-equity ratio of 19.12, a current ratio of 0.81 and a quick ratio of 0.64.

Guardian Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 18th. Investors of record on Monday, July 18th were paid a $0.24 dividend. The ex-dividend date was Friday, July 8th. This represents a $0.96 dividend on an annualized basis and a yield of 3.23%. This is a boost from Guardian Capital Group’s previous quarterly dividend of $0.18. Guardian Capital Group’s payout ratio is presently 6.92%.

About Guardian Capital Group

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Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada, the United Kingdom, the United States, and the Caribbean. It manages institutional assets for pension plans, insurers, foundations, endowments, third-party mutual funds, and ETFs; and provides private wealth management services to individuals, families, and charitable organizations.

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