Guardian Capital Group (TSE:GCG) Reaches New 52-Week Low - Here's Why

Guardian Capital Group Limited (TSE:GCG - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as C$37.51 and last traded at C$39.48, with a volume of 802 shares. The stock had previously closed at C$40.75.

Analyst Upgrades and Downgrades

Separately, CIBC boosted their target price on shares of Guardian Capital Group from C$44.00 to C$47.00 and gave the company a "neutral" rating in a research note on Friday, March 7th.

Guardian Capital Group Price Performance

The stock has a market capitalization of C$941.11 million, a price-to-earnings ratio of 8.63 and a beta of 1.10. The company has a current ratio of 0.80, a quick ratio of 0.64 and a debt-to-equity ratio of 14.08. The stock has a 50-day simple moving average of C$42.19 and a 200 day simple moving average of C$42.51.

Guardian Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 17th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Guardian Capital Group's previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 4.05%. Guardian Capital Group's payout ratio is presently 33.15%.

About Guardian Capital Group

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.