Fiera Capital (TSE:FSZ) Price Target Cut to C$6.50 by Analysts at CIBC

Fiera Capital (TSE:FSZ) had its price target decreased by analysts at CIBC from C$6.75 to C$6.50 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target points to a potential upside of 4.67% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. TD Securities decreased 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, February 27th. Desjardins reduced their price target on Fiera Capital from C$9.00 to C$7.25 and set a “hold” rating on the stock in a research report on Thursday, February 27th. National Bank Financial raised shares of Fiera Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Scotiabank lowered their price target on shares of Fiera Capital from C$8.75 to C$7.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, National Bankshares raised Fiera Capital from an “underperform” rating to a “sector perform” rating and dropped their target price for the stock from C$8.50 to C$7.00 in a research report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$7.04.

Fiera Capital Stock Performance

FSZ remained flat at C$6.21 during midday trading on Monday. The company’s stock had a trading volume of 118,022 shares, compared to its average volume of 313,786. Fiera Capital has a 52 week low of C$5.51 and a 52 week high of C$10.92. The firm has a 50-day simple moving average of C$6.27 and a 200-day simple moving average of C$8.01. The company has a current ratio of 1.31, a quick ratio of 1.05 and a debt-to-equity ratio of 261.73. The firm has a market capitalization of C$5.59 million, a price-to-earnings ratio of 10.41, a P/E/G ratio of -0.87 and a beta of 0.85.

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.