TD Securities Forecasts Strong Price Appreciation for FirstService (TSE:FSV) Stock

FirstService (TSE:FSV) (NASDAQ:FSV) had its price objective upped by stock analysts at TD Securities from C$211.00 to C$214.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential downside of 23.37% from the company’s previous close.

FirstService Price Performance

FSV opened at C$279.26 on Thursday. The stock has a fifty day simple moving average of C$262.50 and a two-hundred day simple moving average of C$248.60. The company has a current ratio of 1.81, a quick ratio of 1.25 and a debt-to-equity ratio of 136.54. The company has a market cap of C$12.72 billion, a price-to-earnings ratio of 89.51, a price-to-earnings-growth ratio of 107.75 and a beta of 0.95. FirstService has a 12-month low of C$220.39 and a 12-month high of C$281.32.

Insiders Place Their Bets

In other news, Senior Officer Jeremy Alan Rakusin sold 2,800 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of C$273.24, for a total transaction of C$765,072.00. Also, Director Joan Eloise Sproul sold 200 shares of the firm’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of C$242.00, for a total value of C$48,400.00. Over the last 90 days, insiders sold 6,000 shares of company stock worth $1,537,991. 10.26% of the stock is owned by corporate 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.