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

Fiera Capital (TSE:FSZ) had its price objective reduced by CIBC from C$9.00 to C$6.75 in a report published on Thursday morning,BayStreet.CA reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently commented on the company. National Bankshares raised Fiera Capital from an “underperform” rating to a “sector perform” rating and decreased their price target for the stock from C$8.50 to C$7.00 in a research note on Thursday. Scotiabank decreased their price target on Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday, January 30th. BMO Capital Markets reduced their target price on Fiera Capital from C$10.00 to C$9.00 in a research note on Thursday, January 30th. Finally, TD Securities reduced their target price 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. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$7.54.

Fiera Capital Price Performance

Shares of Fiera Capital stock opened at C$6.47 on Thursday. The company has a debt-to-equity ratio of 261.73, a current ratio of 1.31 and a quick ratio of 1.05. The business’s 50 day simple moving average is C$8.06 and its two-hundred day simple moving average is C$8.50. The stock 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. Fiera Capital has a one year low of C$6.35 and a one year high of C$10.92.

Insider Activity

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 stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. 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.