FirstService Corp (FSV) Stock Rating Lowered by 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. They presently have a C$95.50 target price on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 6.61% from the company’s current price.
Several other equities analysts have also commented on the company. BMO Capital Markets reiterated a “market perform” rating and issued a C$74.00 target price on shares of FirstService Corp in a research note on Thursday. Scotiabank lowered FirstService Corp from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$89.00 to C$91.00 in a research note on Thursday. William Blair lowered FirstService Corp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 12th. Finally, Raymond James Financial, Inc. upped their target price on FirstService Corp to C$81.00 and gave the company a “market perform” rating in a research note on Thursday, July 27th. Five research analysts have rated the stock with a hold rating, FirstService Corp has a consensus rating of “Hold” and an average target price of C$85.38.
FirstService Corp (FSV) opened at 89.58 on Thursday. The stock has a market capitalization of $3.22 billion and a PE ratio of 71.66. The stock’s 50 day moving average price is $84.93 and its 200-day moving average price is $83.32. FirstService Corp has a 12-month low of $52.28 and a 12-month high of $94.73.
In other news, insider Corporation Firstservice purchased 500 shares of the stock in a transaction on Tuesday, August 29th. The stock was purchased at an average price of C$66.40 per share, with a total value of C$33,200.00. In the last three months, insiders have acquired 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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