Royal Bank Of Canada Lowers FirstService Co. (TSE:FSV) to Sector Perform

Royal Bank Of Canada cut shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) from an outperform rating to a sector perform rating in a research report report published on Thursday, October 26th, StockTargetPrices.com reports. They currently have C$95.50 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets reissued a market perform rating and set a C$74.00 price target on shares of FirstService in a research report on Thursday, October 26th. Raymond James Financial, Inc. boosted their price objective on shares of FirstService to C$81.00 and gave the company a market perform rating in a report on Thursday, July 27th. William Blair downgraded shares of FirstService from an outperform rating to a market perform rating in a report on Tuesday, September 12th. Finally, Scotiabank upped their price target on shares of FirstService from C$85.00 to C$89.00 and gave the stock an outperform rating in a report on Thursday, July 27th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and a consensus target price of C$85.38.

FirstService (TSE:FSV) opened at C$85.50 on Thursday. FirstService has a 52-week low of C$53.82 and a 52-week high of C$94.73.

TRADEMARK VIOLATION NOTICE: This piece was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/firstservice-corp-fsv-downgraded-to-sector-perform-at-royal-bank-of-canada.html.

In related news, insider Corporation Firstservice purchased 500 shares of FirstService stock in a transaction on Tuesday, August 29th. The stock was acquired at an average cost of C$66.40 per share, for a total transaction of C$33,200.00. Insiders acquired 5,711 shares of company stock valued at $387,790 over the last 90 days.

About FirstService

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.

Stock Target Prices

Analyst Recommendations for FirstService (TSE:FSV)

Receive News & Ratings for FirstService Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstService Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply