TD Securities Issues Pessimistic Forecast for FirstService (TSE:FSV) Stock Price

FirstService (TSE:FSV) (NASDAQ:FSV) had its price target decreased by equities research analysts at TD Securities from C$199.00 to C$197.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential downside of 18.58% from the company’s previous close.

FirstService Stock Down 1.1 %

Shares of TSE:FSV opened at C$241.95 on Wednesday. FirstService has a 1 year low of C$193.77 and a 1 year high of C$278.19. The company has a market capitalization of C$7.67 billion, a PE ratio of 70.79, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. The business has a fifty day moving average price of C$251.34 and a two-hundred day moving average price of C$255.42. The company has a debt-to-equity ratio of 136.54, a current ratio of 1.81 and a quick ratio of 1.25.

Insider Activity at FirstService

In related news, Director Joan Eloise Sproul sold 200 shares of the company’s stock in a transaction that occurred on 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 the stock in a transaction on 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 worth $2,487,725. 10.26% of the stock is owned by company insiders.

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.