Fiera Capital (TSE:FSZ) had its target price cut by research analysts at National Bank Financial from C$14.50 to C$13.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 27.58% from the stock’s current price.
A number of other equities research analysts also recently weighed in on FSZ. CIBC boosted their target price on Fiera Capital from C$14.50 to C$15.00 in a research report on Monday, April 29th. BMO Capital Markets dropped their price objective on Fiera Capital from C$12.50 to C$12.00 in a report on Friday, July 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a C$14.00 price objective on shares of Fiera Capital in a report on Tuesday, April 30th. Desjardins reiterated a “buy” rating on shares of Fiera Capital in a report on Thursday, July 4th. Finally, TD Securities dropped their price objective on Fiera Capital from C$13.00 to C$12.50 and set a “hold” rating for the company in a report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$13.08.
Shares of FSZ stock traded down C$0.49 on Thursday, reaching C$10.19. 243,504 shares of the stock were exchanged, compared to its average volume of 107,175. The company has a market capitalization of $1.06 billion and a PE ratio of -100.89. Fiera Capital has a one year low of C$10.19 and a one year high of C$13.35. The company has a current ratio of 1.40, a quick ratio of 1.08 and a debt-to-equity ratio of 106.94. The firm’s 50 day moving average price is C$11.11.
In related news, Director Jean-Guy Desjardins sold 9,565 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of C$11.30, for a total value of C$108,086.41. Following the completion of the sale, the director now owns 8,377 shares in the company, valued at C$94,661.78.
Fiera Capital Company Profile
Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.
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