In a new note to investors today, an analyst has provided a rating update for the Financial sector company, Gluskin Sheff + Assc (GS). RBC Capital’s analyst Geoffrey Kwan reiterates their Hold rating on the shares, with a C$12 price target.
According to TipRanks.com, Kwan is a 3-star analyst with an average return of 1.0% and a 41.6% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, IGM Financial, and Sprott Inc.
Currently, the analyst consensus on Gluskin Sheff + Assc is a Hold with an average price target of C$12.30.
Based on Gluskin Sheff + Assc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$7.83 million. In comparison, last year the company had a net profit of C$19.1 million.
Gluskin Sheff + Associates, Inc. is an independent wealth management company, which engages in managing portfolios of private clients, as well as institutional investors, including family offices, foundations, endowments, and public and private pension plans. It also offers investment management services.
The company’s shares closed on Tuesday at C$10.26, close to its 52-week low of C$9.68.
