Gluskin Sheff + Associates (GS) Price Target Raised to C$19.00

Gluskin Sheff + Associates (TSE:GS) had its target price hoisted by CIBC from C$17.00 to C$19.00 in a research report report published on Friday.

A number of other research analysts have also issued reports on GS. BMO Capital Markets lifted their target price on Gluskin Sheff + Associates from C$16.00 to C$17.00 in a report on Tuesday, May 15th. Desjardins reiterated a hold rating on shares of Gluskin Sheff + Associates in a research report on Monday, May 14th. Finally, Scotiabank increased their price target on Gluskin Sheff + Associates from C$18.00 to C$19.00 and gave the company a sector perform rating in a research report on Wednesday, May 16th. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of Hold and an average price target of C$17.70.

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Gluskin Sheff + Associates traded up C$0.45, reaching C$17.41, during mid-day trading on Friday, MarketBeat.com reports. 239,400 shares of the stock were exchanged, compared to its average volume of 100,749. Gluskin Sheff + Associates has a 1-year low of C$14.15 and a 1-year high of C$19.20.

Gluskin Sheff + Associates (TSE:GS) last released its earnings results on Monday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.02. The firm had revenue of C$28.69 million for the quarter. Gluskin Sheff + Associates had a return on equity of 70.32% and a net margin of 33.66%.

In related news, Director Wilfred Arthur Gobert purchased 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 27th. The stock was acquired at an average price of C$16.54 per share, for a total transaction of C$148,860.00.

About Gluskin Sheff + Associates

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.

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