Shares of Gluskin Sheff + Associates Inc (TSE:GS) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$20.44.
Several equities research analysts recently weighed in on GS shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Gluskin Sheff + Associates in a report on Monday, July 18th. TD Securities reaffirmed a “buy” rating and set a C$20.00 target price on shares of Gluskin Sheff + Associates in a report on Monday, July 18th. Desjardins cut their target price on Gluskin Sheff + Associates from C$20.00 to C$19.00 and set a “hold” rating on the stock in a report on Friday, September 16th. Scotiabank cut their target price on Gluskin Sheff + Associates from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a report on Friday, September 16th. Finally, CIBC cut their target price on Gluskin Sheff + Associates from C$21.00 to C$20.00 in a report on Monday, September 19th.
Gluskin Sheff + Associates (TSE:GS) traded up 1.52% on Tuesday, hitting $16.06. The stock had a trading volume of 89,548 shares. Gluskin Sheff + Associates has a 52 week low of $14.81 and a 52 week high of $23.93. The company has a 50-day moving average price of $17.03 and a 200-day moving average price of $17.19. The stock has a market capitalization of $476.55 million and a price-to-earnings ratio of 14.60.
In other news, insider David Roy Morris bought 1,789 shares of the firm’s stock in a transaction that occurred on 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, 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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