Fiera Capital (TSE:FSZ) Shares Down 10.5% – Should You Sell?

Shares of Fiera Capital Co. (TSE:FSZ) fell 10.5% during trading on Wednesday . The company traded as low as C$6.35 and last traded at C$6.57. 619,328 shares were traded during mid-day trading, an increase of 168% from the average session volume of 231,205 shares. The stock had previously closed at C$7.34.

Analysts Set New Price Targets

FSZ has been the topic of a number of recent research reports. Scotiabank lowered their price objective on shares of Fiera Capital from C$10.50 to C$10.00 in a report on Thursday, January 30th. TD Securities raised their target price on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets lowered their target price on shares of Fiera Capital from C$10.00 to C$9.00 in a report on Thursday, January 30th. CIBC cut their price objective on shares of 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. Finally, National Bankshares raised their price target on Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$8.93.

Fiera Capital Stock Down 12.1 %

The firm has a market capitalization of C$697.54 million, a PE ratio of 10.81, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. 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’s fifty day simple moving average is C$8.20 and its 200-day simple moving average is C$8.53.

Insiders Place Their Bets

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 value 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.