Fiera Capital (TSE:FSZ) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Fiera Capital shares surpassed the two hundred day moving average, reaching a price of C$6.81 during trading.
• Scotiabank raised its target price for Fiera Capital from C$7.50 to C$8.00, while Desjardins upgraded the stock to a "hold" rating.
• Recent insider transactions included a senior officer selling 10,000 shares at C$5.89 each, while a director purchased 20,000 shares at C$5.91.

Fiera Capital Co. (TSE:FSZ - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.36 and traded as high as C$6.81. Fiera Capital shares last traded at C$6.81, with a volume of 401,117 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Desjardins raised Fiera Capital to a "hold" rating in a report on Tuesday, June 3rd. Scotiabank increased their target price on Fiera Capital from C$7.50 to C$8.00 and gave the stock a "sector perform" rating in a report on Monday, August 11th.

Fiera Capital Trading Up 0.1%

The business has a 50 day simple moving average of C$6.71 and a 200-day simple moving average of C$6.34. The company has a debt-to-equity ratio of 261.73, a quick ratio of 1.05 and a current ratio of 1.31. The stock has a market capitalization of C$718.64 million, a P/E ratio of 20.42, a price-to-earnings-growth ratio of -0.87 and a beta of 1.24.

About Fiera Capital

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.