Guardian Capital Group (TSE:GCG) Sets New 12-Month Low – What’s Next?

Shares of Guardian Capital Group Limited (TSE:GCG) hit a new 52-week low on Thursday . The company traded as low as C$38.50 and last traded at C$38.52, with a volume of 2202 shares trading hands. The stock had previously closed at C$39.48.

Analyst Upgrades and Downgrades

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

Guardian Capital Group Stock Performance

The stock has a market capitalization of C$941.11 million, a price-to-earnings ratio of 8.63 and a beta of 1.10. The firm has a fifty day moving average of C$42.19 and a 200 day moving average of C$42.51. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, April 11th. This represents a $1.56 dividend on an annualized basis and a yield of 4.05%. This is an increase from Guardian Capital Group’s previous quarterly dividend of $0.37. Guardian Capital Group’s dividend payout ratio is currently 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.