BMO Capital Markets Cuts Guardian Capital Group (TSE:GCG.A) Price Target to C$50.00

Guardian Capital Group (TSE:GCG.A) had its price target lowered by BMO Capital Markets from C$56.00 to C$50.00 in a research report sent to investors on Monday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the financial services provider’s stock.

Separately, Scotiabank raised their price target on shares of Guardian Capital Group from C$55.00 to C$56.00 in a research note on Wednesday, July 24th.

Guardian Capital Group Price Performance

Shares of TSE GCG.A opened at C$42.26 on Monday. The stock has a market cap of C$946.62 million, a price-to-earnings ratio of 17.39, a PEG ratio of -22.04 and a beta of 1.11. The company has a debt-to-equity ratio of 13.52, a quick ratio of 0.64 and a current ratio of 0.80. Guardian Capital Group has a fifty-two week low of C$39.40 and a fifty-two week high of C$52.83. The firm’s 50-day simple moving average is C$43.27 and its 200 day simple moving average is C$46.07.

Guardian Capital Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Thursday, July 18th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, July 11th. Guardian Capital Group’s dividend payout ratio is presently 60.91%.

About Guardian Capital Group

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.