Gluskin Sheff + Associates Inc (GS) Rating Lowered to Sector Perform at Scotiabank

Gluskin Sheff + Associates Inc (TSE:GS) was downgraded by equities research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report released on Wednesday. They currently have a C$18.00 price objective on the stock, down from their previous price objective of C$20.00. Scotiabank’s target price points to a potential upside of 11.04% from the company’s previous close.

Several other equities analysts have also commented on the company. CIBC reissued an “outperform” rating on shares of Gluskin Sheff + Associates in a research report on Thursday, June 29th. TD Securities boosted their price target on Gluskin Sheff + Associates from C$17.00 to C$19.00 and gave the stock a “hold” rating in a research report on Friday, July 7th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$18.00 price target on shares of Gluskin Sheff + Associates in a research report on Friday, July 7th. Seven equities research analysts have rated the stock with a hold rating, Gluskin Sheff + Associates has an average rating of “Hold” and a consensus price target of C$17.86.

Shares of Gluskin Sheff + Associates (TSE:GS) opened at 16.21 on Wednesday. Gluskin Sheff + Associates has a 1-year low of $14.39 and a 1-year high of $19.93. The company’s 50 day moving average is $17.68 and its 200-day moving average is $16.91. The stock has a market capitalization of $488.49 million and a price-to-earnings ratio of 11.75.

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In other Gluskin Sheff + Associates news, insider Peter Aaron Zaltz sold 8,221 shares of Gluskin Sheff + Associates stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of C$17.32, for a total transaction of C$142,387.72.

About Gluskin Sheff + Associates

Gluskin Sheff + Associates Inc is a wealth management company serving high net worth private clients and institutional investors. The Company provides discretionary investment management services. It provides private client services to high net worth investors, including entrepreneurs, family trusts, private charitable foundations and estates.

Analyst Recommendations for Gluskin Sheff + Associates (TSE:GS)

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