Guardian Capital Group (TSE:GCG) Hits New 1-Year Low – Here’s Why

Guardian Capital Group Limited (TSE:GCG) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$37.51 and last traded at C$39.48, with a volume of 802 shares. The stock had previously closed at C$40.75.

Wall Street Analyst Weigh In

Separately, CIBC increased their price objective on shares of Guardian Capital Group from C$44.00 to C$47.00 and gave the company a “neutral” rating in a research report on Friday, March 7th.

Guardian Capital Group Stock Performance

The firm’s 50-day simple moving average is C$42.84 and its 200-day simple moving average is C$42.57. The company has a current ratio of 0.80, a quick ratio of 0.64 and a debt-to-equity ratio of 14.08. The company has a market capitalization of C$964.57 million, a PE ratio of 8.84 and a beta of 1.10.

Guardian Capital Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.95%. This is a boost from Guardian Capital Group’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, April 11th. Guardian Capital Group’s dividend payout ratio is presently 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.