Today, Brokerages give average Rating of “Hold” to Gluskin Sheff + Associates Inc (GS)

Today, Brokerages give average Rating of “Hold” to Gluskin Sheff + Associates Inc (GS)

Gluskin Sheff + Associates Inc (TSE:GS) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the company. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$19.13.

A number of equities analysts have recently weighed in on GS shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$20.00 price target on shares of Gluskin Sheff + Associates in a report on Friday, September 16th. CIBC cut their price target on Gluskin Sheff + Associates from C$21.00 to C$20.00 in a report on Monday, September 19th. Canaccord Genuity reiterated a “hold” rating and issued a C$18.00 target price on shares of Gluskin Sheff + Associates in a research note on Monday, September 19th. Desjardins dropped their target price on Gluskin Sheff + Associates from C$19.00 to C$18.50 and set a “hold” rating for the company in a research note on Wednesday, October 26th. Finally, TD Securities dropped their target price 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.

Shares of Gluskin Sheff + Associates (TSE:GS) opened at 15.89 on Tuesday. The firm has a 50-day moving average price of $15.56 and a 200-day moving average price of $16.73. Gluskin Sheff + Associates has a 52-week low of $14.39 and a 52-week high of $21.74. The firm has a market cap of $478.85 million and a price-to-earnings ratio of 14.32.

In other news, insider David Roy Morris purchased 1,789 shares of the stock in a transaction on Tuesday, September 6th. The stock was purchased at an average price of C$19.23 per share, with a total value of C$34,402.47.

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