Fiera Capital (TSE:FSZ) Stock Price Down 12.5% – What’s Next?

Fiera Capital Co. (TSE:FSZ) dropped 12.5% on Wednesday . The company traded as low as C$6.35 and last traded at C$6.42. Approximately 1,107,853 shares traded hands during mid-day trading, an increase of 346% from the average daily volume of 248,179 shares. The stock had previously closed at C$7.34.

Analyst Ratings Changes

FSZ has been the subject of a number of research reports. CIBC cut their price objective on 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. TD Securities increased their target price on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a report on Friday, November 8th. BMO Capital Markets dropped their target price on Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. Scotiabank dropped their price objective on Fiera Capital from C$10.50 to C$10.00 in a report on Thursday, January 30th. Finally, National Bankshares increased their price objective on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$8.93.

Fiera Capital Stock Down 10.9 %

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 company has a 50-day moving average of C$8.20 and a two-hundred day moving average of C$8.53. The company has a market capitalization of C$707.27 million, a PE ratio of 10.97, a P/E/G ratio of -0.87 and a beta of 1.64.

Insider Transactions at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the business’s 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.

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.