CIBC Lowers Fiera Capital (TSE:FSZ) Price Target to C$6.75

Fiera Capital (TSE:FSZ) had its target price decreased by 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 4.33% from the company’s previous close.

FSZ has been the subject of several other research reports. TD Securities lowered their price target 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. BMO Capital Markets decreased their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. National Bankshares raised shares of Fiera Capital from an “underperform” rating to a “sector perform” rating and decreased their target price for the company from C$8.50 to C$7.00 in a research report on Thursday. Finally, Scotiabank decreased their target price on shares of Fiera Capital from C$10.50 to C$10.00 in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$7.54.

Fiera Capital Price Performance

Shares of FSZ opened at C$6.47 on Thursday. The company has a 50 day moving average price of C$8.06 and a 200-day moving average price of C$8.50. Fiera Capital has a fifty-two week low of C$6.35 and a fifty-two week high of C$10.92. The stock has a market capitalization of C$699.70 million, a PE ratio of 10.85, 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.

Insider Activity at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the company’s stock in a transaction that occurred on 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 currently owned by corporate 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.