The stock of Gluskin Sheff + Associates Inc (TSE:GS) is a huge mover today! The stock decreased 3.83% or $0.7 on September 13, hitting $17.6. About 117,538 shares traded hands or 95.33% up from the average. Gluskin Sheff + Associates Inc (TSE:GS) has risen 0.27% since February 5, 2016 and is uptrending. It has underperformed by 16.21% the S&P500.
The move comes after 5 months negative chart setup for the $546.74 million company. It was reported on Sep, 14 by Barchart.com. We have $16.37 PT which if reached, will make TSE:GS worth $38.27M less.
Out of 6 analysts covering Gluskin Sheff and Associates (TSE:GS), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $29 is the highest target while $18 is the lowest. The $23 average target is 30.68% above today’s ($17.6) stock price. Gluskin Sheff and Associates has been the topic of 18 analyst reports since September 18, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on February 4 with “Outperform” rating.
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 has a market cap of $546.74 million. The Firm offers its clients various investment strategies across equity, fixed income and alternative asset classes. It has a 12.89 P/E ratio. The Firm 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.
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