Gluskin Sheff + Assc was Downgraded to a Hold Rating at Scotiabank

By Ryan Adsit

Gluskin Sheff + Assc (TSX: GS), the Financial sector company, has received a rating update from a Wall Street analyst on October 11. Scotiabank’s analyst Phil Hardie expressed some doubt on October 11 about the stock, as it was downgraded to Hold , with a C$18 price target.

Hardie has an average return of 11.4% when recommending Gluskin Sheff + Assc.

According to TipRanks.com, Hardie is ranked #754 out of 4694 analysts.

Gluskin Sheff + Assc has an analyst consensus of Hold, with a price target consensus of C$19.50.

Gluskin Sheff + Assc’s market cap is currently C$495.4M and has a P/E ratio of 12.6.

Gluskin Sheff + Associates, Inc. is a 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 offers investment strategies across equity, fixed income, and alternative asset classes.

The company’s shares closed on Thursday at C$16.21.