A statement released earlier today by Desjardins Securities about Gluskin Sheff Associates (TSE:GS) bumps the target price to $19.00
- Updated: September 16, 2016
Gluskin Sheff Associates (TSE:GS) had its estimated target price bumped up to $19 by Desjardins Securities in an issued report released 9/16/2016. The increased target price suggests a potential upside of 0.12% based on the company’s last closing price.
On 7/18/2016, RBC Capital Markets reported about Gluskin Sheff Associates(TSE:GS) raised the target price from $0.00 to $20.00 that suggested an upside of 0.16%.
Boasting a price of $16.95, Gluskin Sheff Associates (TSE:GS) traded 2.21% lower on the day. The last stock close is down 4.82% relative to the 200-day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. Gluskin Sheff Associates has registered a 50-day average of $18.18 and 200-day moving average of $17.70. Volume of trade was was up over the average, with 61,715 shares of GS changing hands over the typical 54,741 shares.
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Gluskin Sheff Associates has a 52 week low of $14.81 and a 52 week high of $23.93 with a PE ratio of 12 and has a market cap of $0.0.
In addition to Desjardins Securities reporting it’s stock price target, a total of 8 brokerages have released a ratings update on the stock. The one year target price is $15.88 with 0 rating the stock a strong buy, 0 rating the company a buy, 0 analysts rating the stock a hold, 0 rating the company to underperform, and finally 0 brokeragesrating the stock as sell.
About Gluskin Sheff Associates (TSE:GS)
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. In addition to high net worth individuals, it offers asset management services to family offices, foundations, endowments and both public and private pensions around the world. The Company derives its revenue mainly from Base Management Fees, calculated as a percentage of assets under management (AUM), and Performance Fees, and calculated annually as a percentage of the change in net asset values. The Company’s subsidiary includes BFAM Holdings Inc.
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