FirstService Corp (FSV) Shares Down 5.3%
FirstService Corp (TSE:FSV) (NASDAQ:FSV)’s share price was down 5.3% during trading on Wednesday . The company traded as low as C$79.04 and last traded at C$79.13. Approximately 35,822 shares traded hands during mid-day trading, an increase of 101% from the average daily volume of 17,850 shares. The stock had previously closed at C$83.58.
A number of equities analysts have recently commented on FSV shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$65.00 target price on shares of FirstService Corp in a report on Tuesday, May 30th. Scotiabank lifted their target price on shares of FirstService Corp from C$85.00 to C$89.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Raymond James Financial, Inc. lifted their target price on shares of FirstService Corp to C$81.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$89.00 target price on shares of FirstService Corp in a report on Thursday, July 27th.
The stock’s 50-day moving average is $83.99 and its 200 day moving average is $78.17. The stock has a market cap of $2.85 billion and a P/E ratio of 63.53.
In related news, insider Corporation Firstservice bought 409 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average cost of C$69.40 per share, for a total transaction of C$28,384.60. Insiders acquired 5,711 shares of company stock worth $387,790 over the last quarter.
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About FirstService Corp
FirstService Corporation provides property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment manages private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.
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