Guardian Capital Group (TSE:GCG.A) Shares Down 2% - Here's Why

Guardian Capital Group Limited (TSE:GCG.A - Get Free Report)'s share price was down 2% on Thursday . The stock traded as low as C$42.16 and last traded at C$42.16. Approximately 3,300 shares changed hands during trading, a decline of 34% from the average daily volume of 4,996 shares. The stock had previously closed at C$43.00.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GCG.A shares. Scotiabank decreased their target price on shares of Guardian Capital Group from C$56.00 to C$55.00 and set an "outperform" rating on the stock in a research report on Monday, August 12th. BMO Capital Markets decreased their price objective on Guardian Capital Group from C$56.00 to C$50.00 and set an "outperform" rating on the stock in a report on Monday, August 12th.

Guardian Capital Group Stock Down 1.2 %

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 firm has a market capitalization of C$925.24 million, a price-to-earnings ratio of 17.14, a P/E/G ratio of -22.04 and a beta of 1.11. The stock has a 50 day moving average of C$40.71 and a 200 day moving average of C$41.98.

Guardian Capital Group Company Profile

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.