Gluskin Sheff + Associates Inc (GS) Given Consensus Rating of “Hold” by Brokerages
Gluskin Sheff + Associates Inc (TSE:GS) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$20.44.
A number of research firms have recently issued reports on GS. Canaccord Genuity restated a “hold” rating and set a C$18.00 price objective on shares of Gluskin Sheff + Associates in a research report on Monday, September 19th. Scotiabank decreased their price target on Gluskin Sheff + Associates from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, September 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Gluskin Sheff + Associates in a research note on Monday, July 18th. TD Securities reaffirmed a “buy” rating and issued a C$20.00 price target on shares of Gluskin Sheff + Associates in a research note on Monday, July 18th. Finally, CIBC decreased their price target on Gluskin Sheff + Associates from C$21.00 to C$20.00 in a research note on Monday, September 19th.
Gluskin Sheff + Associates (TSE:GS) traded up 1.52% on Tuesday, reaching $16.06. The company had a trading volume of 89,548 shares. The company’s 50 day moving average price is $17.03 and its 200-day moving average price is $17.19. The company has a market capitalization of $476.55 million and a price-to-earnings ratio of 14.60. Gluskin Sheff + Associates has a 12 month low of $14.81 and a 12 month high of $23.93.
In other news, insider David Roy Morris bought 1,789 shares of the company’s stock in a transaction dated Tuesday, September 6th. The stock was bought at an average price of C$19.23 per share, for a total transaction of C$34,402.47.
About Gluskin Sheff + Associates
Gluskin Sheff + Associates Inc is a wealth management company, which is engaged in providing investment management services for high net worth private clients in Canada and abroad. The Company offers its clients various investment strategies across equity, fixed income and alternative asset classes. The Company provides wealth management services to high net worth investors, including entrepreneurs, professionals, family trusts, private charitable foundations and estates, and also serves number of institutions as clients.
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