FirstService (TSE:FSV) Given New C$197.00 Price Target at TD Securities

FirstService (TSE:FSV) (NASDAQ:FSV) had its target price decreased by stock analysts at TD Securities from C$199.00 to C$197.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential downside of 19.60% from the company’s current price.

FirstService Stock Up 0.2 %

Shares of FirstService stock traded up C$0.40 on Wednesday, hitting C$245.03. 52,345 shares of the company traded hands, compared to its average volume of 94,301. The company has a quick ratio of 1.25, a current ratio of 1.81 and a debt-to-equity ratio of 136.54. The company has a market cap of C$7.77 billion, a PE ratio of 71.69, a PEG ratio of 107.75 and a beta of 0.96. The company has a 50-day moving average price of C$251.94 and a 200 day moving average price of C$255.36. FirstService has a 12-month low of C$193.77 and a 12-month high of C$278.19.

Insider Transactions at FirstService

In related news, Director D. Scott Patterson sold 800 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$248.59, for a total value of C$198,868.96. Also, Director Joan Eloise Sproul sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of C$248.60, for a total transaction of C$49,720.00. In the last quarter, insiders have sold 10,000 shares of company stock valued at $2,487,725. 10.26% of the stock is owned by corporate insiders.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue.