Shares of Fiera Capital Co. (TSE:FSZ - Get Free Report) dropped 10.5% during trading on Wednesday . The stock traded as low as C$6.35 and last traded at C$6.57. Approximately 619,328 shares changed hands during mid-day trading, an increase of 168% from the average daily volume of 231,205 shares. The stock had previously closed at C$7.34.
Analysts Set New Price Targets
FSZ has been the subject of several analyst reports. TD Securities lowered 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 report on Thursday. Desjardins lowered their target price on shares of Fiera Capital from C$9.00 to C$7.25 and set a "hold" rating for the company in a report on Thursday. BMO Capital Markets lowered their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. National Bankshares upgraded shares of Fiera Capital from an "underperform" rating to a "sector perform" rating and lowered their target price for the company from C$8.50 to C$7.00 in a report on Thursday. Finally, National Bank Financial upgraded shares of Fiera Capital from a "strong sell" rating to a "hold" rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$7.54.
Check Out Our Latest Stock Report on Fiera Capital
Fiera Capital Stock Performance
The company has a market cap 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's 50-day moving average is C$8.06 and its two-hundred day moving average is C$8.51. The company has a quick ratio of 1.05, a current ratio of 1.31 and a debt-to-equity ratio of 261.73.
Insider Activity at Fiera Capital
In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction dated 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 owned by company insiders.
About Fiera Capital
(
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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.
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