Gluskin Sheff + Associates Inc (TSE:GS) had its price objective lowered by equities researchers at Canaccord Genuity from C$17.00 to C$16.00 in a report issued on Friday. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 10.12% from the company’s current price.

Several other research firms have also recently commented on GS. CIBC lowered their target price on Gluskin Sheff + Associates from C$21.00 to C$20.00 in a research report on Monday, September 19th. Desjardins lowered their target price on Gluskin Sheff + Associates from C$18.50 to C$17.00 and set a “hold” rating on the stock in a research report on Friday. TD Securities decreased their price target on Gluskin Sheff + Associates from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Monday, September 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$20.00 price target on shares of Gluskin Sheff + Associates in a research note on Friday, September 16th. Finally, Scotiabank decreased their price target on Gluskin Sheff + Associates from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Friday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Gluskin Sheff + Associates has an average rating of “Hold” and a consensus price target of C$19.13.

Analyst Recommendations for Gluskin Sheff + Associates (TSE:GS)

Gluskin Sheff + Associates (TSE:GS) opened at 14.53 on Friday. Gluskin Sheff + Associates has a 1-year low of $14.41 and a 1-year high of $23.50. The company has a 50-day moving average price of $15.78 and a 200 day moving average price of $16.86. The firm has a market capitalization of $431.15 million and a price-to-earnings ratio of 13.21.

In related news, insider David Roy Morris acquired 1,789 shares of Gluskin Sheff + Associates stock in a transaction dated Tuesday, September 6th. The stock was acquired at an average cost of C$19.23 per share, with a total value of C$34,402.47.

About Gluskin Sheff + Associates

Gluskin Sheff + Associates Inc is a wealth management company serving high net worth private clients and institutional investors. The Company provides discretionary investment management services. It provides private client services to high net worth investors, including entrepreneurs, family trusts, private charitable foundations and estates.

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