Fiera Capital (TSE:FSZ) Price Target Cut to C$6.75 by Analysts at CIBC

Fiera Capital (TSE:FSZ) had its price target cut by research analysts at CIBC from C$9.00 to C$6.75 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 4.49% from the stock’s previous close.

Several other brokerages have also recently weighed in on FSZ. TD Securities dropped 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 note on Thursday. Scotiabank lowered their price target on shares of Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday, January 30th. BMO Capital Markets cut their price target on Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. Finally, National Bankshares raised Fiera Capital from an “underperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$8.50 to C$7.00 in a report on Thursday. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, Fiera Capital presently has an average rating of “Hold” and an average price target of C$7.46.

Fiera Capital Trading Down 0.9 %

Shares of FSZ traded down C$0.06 during mid-day trading on Thursday, reaching C$6.46. 489,629 shares of the company were exchanged, compared to its average volume of 266,130. The stock has a market capitalization of C$698.62 million, a PE ratio of 10.83, a PEG 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. The business has a 50 day simple moving average of C$8.16 and a two-hundred day simple moving average of C$8.51. Fiera Capital has a 52 week low of C$6.35 and a 52 week high of C$10.92.

Insider Buying and Selling

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were 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 insiders.

About Fiera Capital

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.