TD Securities Cuts FirstService (TSE:FSV) Price Target to C$197.00

FirstService (TSE:FSV) (NASDAQ:FSV) had its price target cut by TD Securities from C$199.00 to C$197.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

FirstService Price Performance

FirstService stock opened at C$237.86 on Wednesday. The stock has a market capitalization of C$7.54 billion, a P/E ratio of 69.59, a P/E/G ratio of 107.75 and a beta of 0.96. The company has a debt-to-equity ratio of 136.54, a current ratio of 1.81 and a quick ratio of 1.25. FirstService has a 12-month low of C$193.77 and a 12-month high of C$278.19. The firm’s 50-day moving average is C$250.82 and its two-hundred day moving average is C$255.38.

Insider Activity at FirstService

In other news, Director Joan Eloise Sproul sold 200 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$248.60, for a total transaction of C$49,720.00. Also, Director D. Scott Patterson sold 4,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of C$249.92, for a total value of C$999,680.00. Over the last ninety days, insiders sold 10,000 shares of company stock worth $2,487,725. 10.26% of the stock is currently owned by insiders.

About FirstService

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.