Guardian Capital Group (TSE:GCG.A) Shares Cross Below Two Hundred Day Moving Average - Here's Why

Guardian Capital Group Limited (TSE:GCG.A - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$42.72 and traded as low as C$39.90. Guardian Capital Group shares last traded at C$40.60, with a volume of 1,485 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Scotiabank cut their price target on Guardian Capital Group from C$56.00 to C$55.00 and set an "outperform" rating for the company in a research note on Monday, August 12th. BMO Capital Markets cut their price objective on shares of Guardian Capital Group from C$56.00 to C$50.00 and set an "outperform" rating on the stock in a research report on Monday, August 12th.

Guardian Capital Group Price Performance

The company has a market cap of C$886.58 million, a P/E ratio of 16.69, a P/E/G ratio of -22.04 and a beta of 1.11. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.64 and a current ratio of 1.03. The stock has a 50-day simple moving average of C$40.46 and a 200 day simple moving average of C$42.68.

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.