Gluskin Sheff + Assc (GS) Receives a Hold from TD Securities

By Ryan Adsit

The Financial sector company, Gluskin Sheff + Assc (TSX: GS), has received a rating update from a Wall Street analyst today. Analyst Graham Ryding from TD Securities reiterated a Hold rating, with a C$16 price target.

According to TipRanks.com, Ryding is ranked #760 out of 4880 analysts.

Currently, the analyst consensus on Gluskin Sheff + Assc is a Hold with an average price target of C$17.88, a 22.5% upside from current levels. In a report issued on September 20, Desjardins also reiterated a Hold rating on the stock with a C$17.50 price target.

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Gluskin Sheff + Assc’s market cap is currently C$446.9M and has a P/E ratio of 11.9. The company has a Price to Book ratio of 3.87.

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 Monday at C$14.60, close to its 52-week low of C$14.15.