FirstService Corp’s (FSV) “Market Perform” Rating Reaffirmed at BMO Capital Markets

FirstService Corp (TSE:FSV) (NASDAQ:FSV)‘s stock had its “market perform” rating reaffirmed by equities research analysts at BMO Capital Markets in a report issued on Thursday, StockTargetPrices.com reports. They currently have a C$68.00 target price on the stock. BMO Capital Markets’ target price suggests a potential downside of 17.48% from the stock’s previous close.

Other analysts have also issued research reports about the company. Royal Bank Of Canada boosted their price target on FirstService Corp from C$79.00 to C$88.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. Scotiabank initiated coverage on FirstService Corp in a research report on Tuesday, May 30th. They issued an “outperform” rating and a C$85.00 price objective on the stock. Finally, Raymond James Financial, Inc. downgraded FirstService Corp from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from C$60.00 to C$81.00 in a research report on Thursday, April 13th.

Shares of FirstService Corp (FSV) traded up 1.37% during midday trading on Thursday, reaching $83.53. The company had a trading volume of 40,863 shares. FirstService Corp has a one year low of $52.28 and a one year high of $87.95. The company has a market capitalization of $3.00 billion and a P/E ratio of 76.01. The company has a 50-day moving average price of $82.48 and a 200 day moving average price of $78.16.

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In other FirstService Corp news, Director Charles M. Fallon sold 8,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of C$62.29, for a total transaction of C$510,778.00.

About FirstService Corp

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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