Gluskin Sheff + Associates (GS) Receives “Hold” Rating from TD Securities

TD Securities reiterated their hold rating on shares of Gluskin Sheff + Associates (TSE:GS) in a research report sent to investors on Friday morning. They currently have a C$12.00 target price on the stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada reduced their price objective on shares of Gluskin Sheff + Associates from C$18.00 to C$15.00 and set a sector perform rating for the company in a research report on Thursday, October 18th. Desjardins reduced their price objective on shares of Gluskin Sheff + Associates from C$12.50 to C$12.00 and set a buy rating for the company in a research report on Monday, February 4th. BMO Capital Markets reduced their price objective on shares of Gluskin Sheff + Associates from C$14.00 to C$11.00 in a research report on Friday, November 16th. Finally, CIBC reduced their price objective on shares of Gluskin Sheff + Associates from C$13.00 to C$12.00 in a research report on Monday, January 21st.

GS opened at C$10.96 on Friday. Gluskin Sheff + Associates has a 1 year low of C$9.07 and a 1 year high of C$18.05. The firm has a market capitalization of $327.14 million and a P/E ratio of 8.63.

Gluskin Sheff + Associates (TSE:GS) last posted its earnings results on Wednesday, November 14th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.24 by C$0.01. The firm had revenue of C$30.29 million during the quarter. Research analysts anticipate that Gluskin Sheff + Associates will post 1.22999998407031 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.12%. The ex-dividend date of this dividend is Thursday, February 14th. Gluskin Sheff + Associates’s dividend payout ratio is presently 78.74%.

Gluskin Sheff + Associates Company Profile

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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