FirstService Corp (FSV) Lowered to “Sector Perform” at Royal Bank Of Canada
FirstService Corp (TSE:FSV) (NASDAQ:FSV) was downgraded by equities research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. They currently have a C$95.50 target price on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 8.60% from the company’s current price.
A number of other equities research analysts have also recently commented on FSV. Scotiabank cut shares of FirstService Corp from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$89.00 to C$91.00 in a research report on Thursday. BMO Capital Markets set a C$74.00 target price on shares of FirstService Corp and gave the company a “market perform” rating in a research report on Thursday. Raymond James Financial, Inc. increased their target price on shares of FirstService Corp to C$81.00 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Finally, William Blair cut shares of FirstService Corp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of C$85.38.
Shares of FirstService Corp (FSV) traded down 4.09% during trading on Thursday, hitting $87.94. 141,482 shares of the company’s stock were exchanged. FirstService Corp has a 12-month low of $52.28 and a 12-month high of $94.73. The company has a market cap of $3.16 billion and a P/E ratio of 70.35. The company has a 50-day moving average of $84.93 and a 200-day moving average of $83.32.
In other news, insider Corporation Firstservice acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average cost of C$65.60 per share, for a total transaction of C$98,400.00. Over the last 90 days, insiders have purchased 5,711 shares of company stock valued at $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.
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