Gluskin Sheff + Associates Inc. (GS) Stock Price Down 0.3% Following Analyst Downgrade

Shares of Gluskin Sheff + Associates Inc. (TSE:GS) traded down 0.3% during trading on Monday after Desjardins lowered their price target on the stock from C$18.00 to C$17.00. The company traded as low as C$16.44 and last traded at C$16.60. 75,076 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 89,746 shares. The stock had previously closed at C$16.65.

Other analysts have also recently issued reports about the stock. CIBC decreased their price objective on shares of Gluskin Sheff + Associates from C$18.00 to C$17.50 in a research note on Monday. Royal Bank Of Canada decreased their price objective on shares of Gluskin Sheff + Associates from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Monday. BMO Capital Markets decreased their price objective on shares of Gluskin Sheff + Associates from C$18.00 to C$17.00 and set a “market perform” rating for the company in a research note on Tuesday, October 17th. Finally, Scotiabank cut shares of Gluskin Sheff + Associates from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$20.00 to C$18.00 in a research note on Wednesday, October 11th. Six investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of C$17.64.

In related news, insider Peter Aaron Zaltz sold 8,221 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of C$17.32, for a total value of C$142,387.72.

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Gluskin Sheff + Associates Company Profile

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.

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