Gluskin Sheff + Associates (TSE:GS) had its price objective lowered by CIBC from C$15.00 to C$13.00 in a research report sent to investors on Friday morning.
Several other research analysts also recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Gluskin Sheff + Associates from C$15.00 to C$13.00 and set a sector perform rating for the company in a research report on Thursday. TD Securities reduced their price target on shares of Gluskin Sheff + Associates from C$16.00 to C$13.00 and set a hold rating for the company in a research report on Friday, October 19th. Finally, BMO Capital Markets reduced their price target on shares of Gluskin Sheff + Associates from C$16.00 to C$14.00 in a research report on Thursday, October 18th. Five investment analysts have rated the stock with a hold rating, The stock has an average rating of Hold and an average price target of C$14.25.
Shares of GS stock traded up C$0.24 during mid-day trading on Friday, hitting C$11.18. 274,200 shares of the stock were exchanged, compared to its average volume of 117,123. Gluskin Sheff + Associates has a 52-week low of C$10.21 and a 52-week high of C$18.05.
Gluskin Sheff + Associates (TSE:GS) last released its quarterly earnings results on Thursday, September 20th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.28 by C($0.09). The company had revenue of C$29.91 million for the quarter. Sell-side analysts forecast that Gluskin Sheff + Associates will post 1.39000001521898 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 26th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $1.00 annualized dividend and a dividend yield of 8.94%. Gluskin Sheff + Associates’s dividend payout ratio (DPR) is presently 82.64%.
In other Gluskin Sheff + Associates news, Director Nancy Lockhart acquired 5,000 shares of the business’s stock in a transaction on Thursday, October 25th. The stock was bought at an average price of C$11.04 per share, for a total transaction of C$55,200.00.
About Gluskin Sheff + Associates
Gluskin Sheff + Associates Inc is a publicly owned investment manager. The firm also provides wealth management services. It primarily provides its services to high net worth investors, including entrepreneurs, professionals, family trusts, private charitable foundations, pension and profit sharing plans, pooled investment vehicles, charitable organizations , corporations, institutions, insurance companies, and estates.
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