Fiera Capital (TSE:FSZ) Trading Down 10.5% – Should You Sell?

Fiera Capital Co. (TSE:FSZ)’s share price traded down 10.5% during trading on Wednesday . The company traded as low as C$6.35 and last traded at C$6.57. 619,328 shares changed hands during trading, an increase of 168% from the average session volume of 231,205 shares. The stock had previously closed at C$7.34.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. CIBC lowered their target price on Fiera Capital from C$11.00 to C$9.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Scotiabank lowered their target price on Fiera Capital from C$10.50 to C$10.00 in a report on Thursday, January 30th. BMO Capital Markets reduced their price target on Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. TD Securities increased 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, National Bankshares raised their target price on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, Fiera Capital currently has an average rating of “Hold” and a consensus target price of C$8.93.

Fiera Capital Stock Performance

The company has a market cap of C$697.54 million, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The firm has a 50-day simple moving average of C$8.20 and a 200 day simple moving average of C$8.53. 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 related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of Fiera Capital 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 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.