Guardian Capital Group (TSE:GCG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Guardian Capital Group Limited (TSE:GCG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$42.57 and traded as high as C$43.08. Guardian Capital Group shares last traded at C$43.08, with a volume of 300 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, CIBC cut their price objective on Guardian Capital Group from C$47.00 to C$45.00 and set a “neutral” rating for the company in a research report on Monday, April 28th.

Guardian Capital Group Price Performance

The business has a 50-day moving average price of C$40.82 and a 200 day moving average price of C$42.57. The company has a market cap of C$1.05 billion, a price-to-earnings ratio of 9.65 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.

Guardian Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 17th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from Guardian Capital Group’s previous quarterly dividend of $0.37. Guardian Capital Group’s dividend payout ratio is 33.15%.

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.