Fiera Capital (TSE:FSZ) Price Target Cut to C$8.75 by Analysts at Scotiabank

Fiera Capital (TSE:FSZ) had its target price cut by Scotiabank from C$10.00 to C$8.75 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

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

Fiera Capital Price Performance

Shares of FSZ opened at C$6.40 on Thursday. Fiera Capital has a fifty-two week low of C$6.35 and a fifty-two week high of C$10.92. The firm’s 50-day simple moving average is C$8.11 and its two-hundred day simple moving average is C$8.50. The stock has a market cap of C$692.13 million, a PE ratio of 10.73, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 261.73, a quick ratio of 1.05 and a current ratio of 1.31.

Insider Transactions at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was 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.

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.