Gluskin Sheff + Associates Inc. (GS) Price Target Cut to C$17.00
Gluskin Sheff + Associates Inc. (TSE:GS) had its price objective dropped by stock analysts at Desjardins from C$18.00 to C$17.00 in a research note issued on Tuesday. Desjardins’ price objective points to a potential upside of 7.94% from the stock’s previous close.
A number of other brokerages have also recently commented on GS. CIBC cut Gluskin Sheff + Associates from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$21.50 to C$18.00 in a research report on Thursday, October 12th. Scotiabank cut Gluskin Sheff + Associates from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$20.00 to C$18.00 in a research report on Wednesday, October 11th. Royal Bank Of Canada reduced their price target on Gluskin Sheff + Associates from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, BMO Capital Markets reduced their price target on Gluskin Sheff + Associates from C$18.00 to C$17.00 and set a “market perform” rating for the company in a research report on Tuesday, October 17th. Six research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of C$17.64.
Shares of Gluskin Sheff + Associates (TSE:GS) traded down C$0.85 on Tuesday, reaching C$15.75. The company’s stock had a trading volume of 353,669 shares, compared to its average volume of 90,956. Gluskin Sheff + Associates has a fifty-two week low of C$14.39 and a fifty-two week high of C$19.93.
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In other news, insider Peter Aaron Zaltz sold 8,221 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of C$17.32, for a total value of C$142,387.72.
Gluskin Sheff + Associates Company Profile
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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