Fiera Capital (TSE:FSZ) Given New C$8.75 Price Target at Scotiabank

Fiera Capital (TSE:FSZ) had its price target dropped by stock analysts at Scotiabank from C$10.00 to C$8.75 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 35.45% from the stock’s current price.

A number of other research firms also recently issued reports on FSZ. TD Securities decreased their price objective on Fiera Capital from C$8.50 to C$6.50 and set a “hold” rating on the stock in a report on Thursday. CIBC dropped their price objective on shares of Fiera Capital from C$9.00 to C$6.75 and set a “neutral” rating for the company in a research note on Thursday. BMO Capital Markets decreased their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. Finally, National Bankshares upgraded Fiera Capital from an “underperform” rating to a “sector perform” rating and decreased their price target for the company from C$8.50 to C$7.00 in a report on Thursday. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Fiera Capital currently has an average rating of “Hold” and a consensus target price of C$7.46.

Fiera Capital Price Performance

TSE FSZ traded down C$0.06 on Thursday, reaching C$6.46. The company had a trading volume of 489,629 shares, compared to its average volume of 266,130. The firm’s 50 day moving average price is C$8.16 and its 200 day moving average price is C$8.51. Fiera Capital has a 12 month low of C$6.35 and a 12 month high of C$10.92. The stock has a market capitalization of C$698.62 million, a PE ratio of 10.83, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a quick ratio of 1.05, a current ratio of 1.31 and a debt-to-equity ratio of 261.73.

Insider Buying and Selling at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$8.89, for a total value of C$93,028.60. Company insiders own 0.86% of the company’s stock.

About Fiera Capital

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.