Scotiabank Downgrades FirstService Corp (FSV) to Sector Perform

FirstService Corp (TSE:FSV) (NASDAQ:FSV) was downgraded by investment analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday. They currently have a C$91.00 price objective on the stock, up from their prior price objective of C$89.00. Scotiabank’s target price points to a potential upside of 1.59% from the stock’s previous close.

FSV has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$89.00 target price on shares of FirstService Corp in a research note on Thursday, July 27th. Raymond James Financial, Inc. upped their target price on shares of FirstService Corp to C$81.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$68.00 target price on shares of FirstService Corp in a research note on Thursday, July 27th. Finally, William Blair lowered shares of FirstService Corp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of C$85.38.

Shares of FirstService Corp (FSV) opened at 89.58 on Thursday. FirstService Corp has a one year low of $52.28 and a one year high of $94.73. The stock has a market capitalization of $3.22 billion and a price-to-earnings ratio of 71.66. The company’s 50 day moving average price is $84.93 and its 200 day moving average price is $83.32.

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In other FirstService Corp news, insider Corporation Firstservice purchased 500 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of C$66.40 per share, with a total value of C$33,200.00. Insiders have acquired a total of 5,711 shares of company stock worth $387,790 over the last three months.

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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