Fiera Capital (TSE:FSZ) Shares Down 10.1% – Here’s Why

Fiera Capital Co. (TSE:FSZ) shares were down 10.1% during trading on Wednesday . The stock traded as low as C$6.35 and last traded at C$6.60. Approximately 297,661 shares changed hands during mid-day trading, an increase of 32% from the average daily volume of 224,793 shares. The stock had previously closed at C$7.34.

Analyst Ratings Changes

A number of research firms have recently issued reports on FSZ. National Bankshares boosted their price target on shares of Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a report on Wednesday, October 30th. BMO Capital Markets reduced their target price on Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. CIBC decreased their target price on Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. TD Securities upped their price target on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, Scotiabank decreased their price objective on Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Fiera Capital has an average rating of “Hold” and a consensus price target of C$8.93.

Fiera Capital Trading Down 9.7 %

The company has a quick ratio of 1.05, a current ratio of 1.31 and a debt-to-equity ratio of 261.73. The business has a 50-day moving average of C$8.20 and a 200-day moving average of C$8.53. The stock has a market cap of C$717.00 million, a price-to-earnings ratio of 11.12, a PEG ratio of -0.87 and a beta of 1.64.

Insider Activity at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the company’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. 0.86% of the stock is currently owned by company insiders.

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.