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, 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.

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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.

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