Fiera Capital (TSE:FSZ) Price Target Cut to C$7.25 by Analysts at Desjardins

Fiera Capital (TSE:FSZ) had its price objective decreased by Desjardins from C$9.00 to C$7.25 in a research note released on Thursday morning,BayStreet.CA reports. Desjardins currently has a hold rating on the stock.

Other research analysts have also issued reports about the company. BMO Capital Markets cut their price objective on Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. CIBC cut their price target on shares of Fiera Capital from C$9.00 to C$6.75 and set a “neutral” rating on the stock in a report on Thursday. Scotiabank decreased their price objective on shares of Fiera Capital from C$10.00 to C$8.75 and set a “sector perform” rating for the company in a research note on Thursday. National Bankshares upgraded shares of Fiera Capital from an “underperform” rating to a “sector perform” rating and cut their price objective for the stock from C$8.50 to C$7.00 in a research note on Thursday. Finally, TD Securities decreased their target price on shares of Fiera Capital from C$8.50 to C$6.50 and set a “hold” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, Fiera Capital has an average rating of “Hold” and an average target price of C$7.46.

Fiera Capital Price Performance

TSE FSZ opened at C$6.40 on Thursday. The company has a market cap of C$692.13 million, a price-to-earnings ratio of 10.73, a PEG ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 261.73, a current ratio of 1.31 and a quick ratio of 1.05. The stock’s fifty day moving average price is C$8.11 and its 200 day moving average price is C$8.50. Fiera Capital has a 1 year low of C$6.35 and a 1 year high of C$10.92.

Insider Activity at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. 0.86% of the stock is 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.