Scotiabank Reaffirms Their Buy Rating on Fiera Capital A (FSZ)
Fiera Capital A (FSZ), the Financial sector company was revisited on January 25, and remains undervalued for at least one analyst on the street. Analyst Phil Hardie from Scotiabank remains bullish on the stock and has a C$13.50 price target.
According to TipRanks.com, Hardie is a 3-star analyst with an average return of 2.1% and a 54.6% success rate. Hardie covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Alaris Royalty Corp, and Element Financial.
Currently, the analyst consensus on Fiera Capital A is a Strong Buy with an average price target of C$13.75, representing a 13.8% upside. In a report issued on January 24, CIBC also reiterated a Buy rating on the stock with a C$14 price target.
Fiera Capital A’s market cap is currently C$1.17B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.83.
Fiera Capital Corp. engages in the provision of traditional and alternative investment solutions, including depth and expertise in asset allocation. It offers investment advisory and related services to institutional investors, private wealth clients, and retail investors. The company was founded in 1955 and is headquartered in Montreal, Canada.
The company’s shares closed on Tuesday at C$12.08.