Gluskin Sheff + Associates (GS) PT Lowered to C$15.00

Gluskin Sheff + Associates (TSE:GS) had its price target cut by investment analysts at Royal Bank of Canada from C$18.00 to C$15.00 in a report issued on Thursday. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 27.44% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets cut their price target on shares of Gluskin Sheff + Associates from C$17.00 to C$16.00 in a research note on Monday, September 24th. TD Securities cut their price target on shares of Gluskin Sheff + Associates from C$18.00 to C$16.00 and set a “hold” rating for the company in a research note on Monday, September 24th. Finally, CIBC raised their price target on shares of Gluskin Sheff + Associates from C$17.00 to C$19.00 in a research note on Friday, July 20th. Five equities research analysts have rated the stock with a hold rating, Gluskin Sheff + Associates has an average rating of “Hold” and an average price target of C$16.08.

Shares of GS opened at C$11.77 on Thursday. Gluskin Sheff + Associates has a 12 month low of C$11.29 and a 12 month high of C$18.05.

Gluskin Sheff + Associates (TSE:GS) last announced its quarterly earnings results on Thursday, September 20th. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.09). The business had revenue of C$29.91 million for the quarter. Gluskin Sheff + Associates had a return on equity of 70.32% and a net margin of 33.66%.

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.

Further Reading: Compound Annual Growth Rate (CAGR)

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

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