Fiera Capital (TSE:FSZ) Price Target Cut to C$13.00

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Fiera Capital (TSE:FSZ) had its price objective trimmed by National Bank Financial from C$14.50 to C$13.00 in a research report released on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently commented on FSZ. BMO Capital Markets reduced their target price on Fiera Capital from C$12.50 to C$12.00 in a report on Friday, July 5th. Desjardins reaffirmed a buy rating on shares of Fiera Capital in a report on Thursday, July 4th. TD Securities reduced their target price on Fiera Capital from C$13.00 to C$12.50 and set a hold rating for the company in a report on Monday, July 15th. CIBC upped their target price on Fiera Capital from C$14.50 to C$15.00 in a report on Monday, April 29th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a C$14.00 target price on shares of Fiera Capital in a report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of C$13.08.

Shares of TSE FSZ opened at C$10.17 on Thursday. Fiera Capital has a 12 month low of C$10.08 and a 12 month high of C$13.35. The company has a market cap of $1.01 billion and a price-to-earnings ratio of -81.36. The company has a quick ratio of 1.08, a current ratio of 1.40 and a debt-to-equity ratio of 106.94. The business has a fifty day simple moving average of C$11.07 and a 200-day simple moving average of C$11.82.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 8.26%. The ex-dividend date is Friday, August 23rd. Fiera Capital’s dividend payout ratio is -640.00%.

In other news, Director Jean-Guy Desjardins sold 9,565 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of C$11.30, for a total transaction of C$108,086.41. Following the completion of the sale, the director now directly owns 8,377 shares of the company’s stock, valued at C$94,661.78.

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.

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Analyst Recommendations for Fiera Capital (TSE:FSZ)

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