FirstService Corp (FSV) Cut to Sector Perform at Scotiabank

Scotiabank cut shares of FirstService Corp (TSE:FSV) (NASDAQ:FSV) from an outperform rating to a sector perform rating in a report issued on Thursday. They currently have C$91.00 price target on the stock, up from their prior price target of C$89.00.

Several other research analysts also recently commented on the stock. William Blair downgraded shares of FirstService Corp from an outperform rating to a market perform rating in a report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$89.00 price objective on shares of FirstService Corp in a report on Thursday, July 27th. Raymond James Financial, Inc. raised their price objective on shares of FirstService Corp to C$81.00 and gave the stock a market perform rating in a report on Thursday, July 27th. Finally, BMO Capital Markets reaffirmed a market perform rating and issued a C$68.00 price objective on shares of FirstService Corp in a report 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 price target of C$85.38.

Shares of FirstService Corp (TSE:FSV) opened at 89.58 on Thursday. The stock has a 50 day moving average of $85.20 and a 200-day moving average of $83.42. The firm has a market capitalization of $3.22 billion and a P/E ratio of 71.66. FirstService Corp has a 52-week low of $52.28 and a 52-week high of $94.73.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Friday, September 29th were issued a $0.123 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from FirstService Corp’s previous quarterly dividend of $0.10. This represents a $0.49 annualized dividend and a yield of 0.55%.

In other FirstService Corp news, insider Corporation Firstservice acquired 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was bought at an average cost of C$66.40 per share, with a total value of C$33,200.00. Over the last ninety days, insiders purchased 5,711 shares of company stock valued at $387,790.

About FirstService Corp

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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