Scotiabank Issues Pessimistic Forecast for Fiera Capital (TSE:FSZ) Stock Price

Fiera Capital (TSE:FSZ) had its price target cut by investment analysts at Scotiabank from C$10.00 to C$8.75 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 35.24% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. National Bankshares raised shares of Fiera Capital from an “underperform” rating to a “sector perform” rating and reduced their price target for the company from C$8.50 to C$7.00 in a research report on Thursday. TD Securities cut 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. CIBC cut their target price on shares of Fiera Capital from C$9.00 to C$6.75 and set a “neutral” rating for the company in a research report on Thursday. Finally, BMO Capital Markets cut their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus 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 market capitalization of C$699.70 million, a P/E ratio of 10.85, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a quick ratio of 1.05, a current ratio of 1.31 and a debt-to-equity ratio of 261.73. The firm has a 50 day moving average of C$8.06 and a 200 day moving average of C$8.50. Fiera Capital has a twelve month low of C$6.35 and a twelve month high of C$10.92.

Insider Transactions at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of Fiera Capital stock in a transaction 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. Corporate insiders own 0.86% of the company’s stock.

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.