Fiera Capital (TSE:FSZ) Raised to Sector Perform at National Bankshares

Fiera Capital (TSE:FSZ) was upgraded by analysts at National Bankshares from an “underperform” rating to a “sector perform” rating in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a C$7.00 target price on the stock, down from their prior target price of C$8.50. National Bankshares’ target price indicates a potential upside of 8.19% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. TD Securities dropped 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. Scotiabank dropped 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 dropped their price target on shares of Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday, January 30th. Finally, CIBC dropped their price objective on shares of 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. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$7.54.

Fiera Capital Price Performance

Shares of FSZ opened at C$6.47 on Thursday. Fiera Capital has a 1-year low of C$6.35 and a 1-year high of C$10.92. The stock has a market cap of C$699.70 million, a PE ratio of 10.85, a P/E/G ratio of -0.87 and a beta of 1.64. The firm has a 50-day simple moving average of C$8.06 and a two-hundred day simple moving average of C$8.50. The company has a debt-to-equity ratio of 261.73, a current ratio of 1.31 and a quick ratio of 1.05.

Insider Activity 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 shares were 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.