Guardian Capital Group (TSE:GCG.A) Stock Price Passes Below 200 Day Moving Average - Here's Why

Guardian Capital Group Limited (TSE:GCG.A - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$41.99 and traded as low as C$39.48. Guardian Capital Group shares last traded at C$40.71, with a volume of 13,898 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Guardian Capital Group from C$50.00 to C$51.00 in a research note on Thursday, December 19th. Scotiabank cut their price objective on shares of Guardian Capital Group from C$56.00 to C$55.00 in a research report on Monday, March 10th.

Guardian Capital Group Trading Down 2.1 %

The firm has a 50-day simple moving average of C$43.56 and a 200-day simple moving average of C$41.97. The company has a quick ratio of 0.64, a current ratio of 1.03 and a debt-to-equity ratio of 14.28. The stock has a market cap of C$912.58 million, a PE ratio of 16.90, a P/E/G ratio of -22.04 and a beta of 1.11.

About Guardian Capital Group

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.