Guardian Capital Group (TSE:GCG) Reaches New 52-Week Low – What’s Next?

Guardian Capital Group Limited (TSE:GCG) shares hit 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 traded. The stock had previously closed at C$40.75.

Wall Street Analyst Weigh In

Separately, CIBC upped their target price on Guardian Capital Group from C$44.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, March 7th.

Guardian Capital Group Price Performance

The company has a market cap of C$964.57 million, a price-to-earnings ratio of 8.84 and a beta of 1.10. The company’s 50-day simple moving average is C$42.98 and its 200-day simple moving average is C$42.57. The company has a debt-to-equity ratio of 14.08, a current ratio of 0.80 and a quick ratio of 0.64.

Guardian Capital Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 17th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.95%. This is a positive change from Guardian Capital Group’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, April 11th. Guardian Capital Group’s dividend payout ratio (DPR) 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.