FirstService Now Covered by Analysts at Scotiabank (FSV)
Stock analysts at Scotiabank initiated coverage on shares of FirstService (TSE:FSV) in a report issued on Monday, AR Network reports. The firm set an “outperform” rating and a C$42.00 price target on the stock. Scotiabank’s price objective indicates a potential upside of 4.06% from the company’s current price.
FirstService (TSE:FSV) traded down 0.40% on Monday, hitting $40.20. The stock had a trading volume of 3,773 shares. FirstService has a one year low of $26.54 and a one year high of $40.58. The stock has a 50-day moving average of $37.68 and a 200-day moving average of $34.30. The company’s market cap is $1.337 billion.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 9th. Investors of record on Monday, September 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.99%.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of FirstService (TSE:FSV) from C$34.00 to C$38.00 in a research note to investors on Tuesday, August 6th. They now have a “sector perform” rating on the stock. Separately, analysts at BMO Capital Markets upgraded shares of FirstService (TSE:FSV) from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, July 31st. They now have a C$40.00 price target on the stock, up previously from C$35.00. Finally, analysts at Raymond James raised their price target on shares of FirstService (TSE:FSV) from C$35.00 to C$40.00 in a research note to investors on Wednesday, July 31st. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$39.00.
FirstService Corporation (TSE:FSV) is a provider of real estate-related services to the commercial, institutional and residential markets in North America and various countries around the world.
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