FirstService Corp (TSE:FSV) (NASDAQ:FSV) was downgraded by investment analysts at William Blair from an “outperform” rating to a “market perform” rating in a report issued on Tuesday.

Several other brokerages have also recently issued reports on FSV. BMO Capital Markets reiterated a “market perform” rating and issued a C$65.00 price objective on shares of FirstService Corp in a research note on Tuesday, May 30th. Scotiabank lifted their price objective on FirstService Corp from C$85.00 to C$89.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Raymond James Financial, Inc. raised their target price on FirstService Corp to C$81.00 and gave the stock a “market perform” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a C$89.00 target price on shares of FirstService Corp in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$81.75.

Shares of FirstService Corp (FSV) traded down 1.65% during trading on Tuesday, reaching $79.73. 85,221 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $81.61 and a 200 day moving average price of $79.22. FirstService Corp has a 12-month low of $52.28 and a 12-month high of $85.05. The company has a market capitalization of $2.87 billion and a P/E ratio of 63.78.

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In other news, insider Corporation Firstservice purchased 409 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average price of C$69.40 per share, with a total value of C$28,384.60. In the last ninety days, insiders have acquired 5,711 shares of company stock worth $387,790.

FirstService Corp Company Profile

Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.

Analyst Recommendations for FirstService Corp (TSE:FSV)

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