Gluskin Sheff + Assc Receives a Hold from Scotiabank

By Carrie Williams

The Financial sector company, Gluskin Sheff + Assc (TSX: GS), has received a rating update from a Wall Street analyst yesterday. Scotiabank’s analyst Phil Hardie reiterates their Hold rating on the shares, with a C$18 price target.

Hardie has an average return of 4.1% when recommending Gluskin Sheff + Assc.

According to TipRanks.com, Hardie is ranked #1093 out of 4706 analysts.

Currently, the analyst consensus on Gluskin Sheff + Assc is Hold and the average price target is C$18.70, representing a 18.7% upside.

In a report issued on October 31, Desjardins also reiterated a Hold rating on the stock with a C$18 price target.

The company has a one-year high of C$19.93 and a one-year low of C$14.39. Currently, Gluskin Sheff + Assc has an average volume of 100.7K.

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$15.75.