FirstService (TSE:FSV) Given New C$197.00 Price Target at TD Securities

FirstService (TSE:FSV) (NASDAQ:FSV) had its target price cut by stock analysts at TD Securities from C$199.00 to C$197.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential downside of 18.58% from the stock’s current price.

FirstService Stock Down 1.1 %

FSV stock opened at C$241.95 on Wednesday. The stock has a 50-day simple moving average of C$251.34 and a two-hundred day simple moving average of C$255.42. FirstService has a twelve month low of C$193.77 and a twelve month high of C$278.19. The firm has a market capitalization of C$7.67 billion, a PE ratio of 70.79, a PEG ratio of 107.75 and a beta of 0.96. The company has a quick ratio of 1.25, a current ratio of 1.81 and a debt-to-equity ratio of 136.54.

Insider Activity at FirstService

In other FirstService news, Director Joan Eloise Sproul sold 200 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of C$248.60, for a total value of C$49,720.00. Also, Director D. Scott Patterson sold 800 shares of FirstService stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of C$248.59, for a total value of C$198,868.96. Over the last 90 days, insiders sold 10,000 shares of company stock valued at $2,487,725. Corporate insiders own 10.26% of the company’s stock.

FirstService Company Profile

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.