FirstService (TSE:FSV) Rating Increased to Strong-Buy at Scotiabank

FirstService (TSE:FSV) (NASDAQ:FSV) was upgraded by research analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

Separately, TD Securities upped their price objective on shares of FirstService from C$211.00 to C$214.00 and gave the company a “hold” rating in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, FirstService presently has a consensus rating of “Strong Buy” and an average target price of C$214.00.

FirstService Stock Down 1.1%

FirstService stock opened at C$230.39 on Friday. The firm has a market cap of C$10.49 billion, a price-to-earnings ratio of 73.84, a P/E/G ratio of 107.75 and a beta of 0.92. The company has a debt-to-equity ratio of 136.54, a current ratio of 1.81 and a quick ratio of 1.25. FirstService has a fifty-two week low of C$220.39 and a fifty-two week high of C$290.34. The firm has a fifty day moving average price of C$268.89 and a two-hundred day moving average price of C$253.96.

Insider Transactions at FirstService

In other FirstService news, Senior Officer Jeremy Alan Rakusin sold 2,800 shares of FirstService stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of C$273.24, for a total value of C$765,072.00. Also, Director Erin Joy Wallace sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of C$275.74, for a total transaction of C$827,214.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at C$2,757,380. The trade was a 23.08% decrease in their ownership of the stock. Company insiders own 10.26% of the company’s stock.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue.