RE:Analyst roundup - fully valuedPossibleidiot01 wrote: Not exactly compelling a purchase?
- Fiera Capital (TSE:FSZ) had its price target raised by analysts at CIBC from C$7.00 to C$8.25. They now have a "neutral" rating on the stock.
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- Fiera Capital (TSE:FSZ) was downgraded by analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating. They now have a C$8.50 price target on the stock, up previously from C$8.00. This represents a 3.0% upside from the current price of C$8.25.
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- Fiera Capital (TSE:FSZ) had its price target raised by analysts at National Bankshares, Inc. from C$6.00 to C$7.50. They now have a "sector perform" rating on the stock. This represents a 9.1% downside from the current price of C$8.25.
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- Fiera Capital (TSE:FSZ) had its price target raised by analysts at Scotiabank from C$7.00 to C$8.00. They now have a "sector perform" rating on the stock. This represents a 3.0% downside from the current price of C$8.25.
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- Fiera Capital (TSE:FSZ) had its price target raised by analysts at Desjardins from C$6.50 to C$7.25. They now have a "hold" rating on the stock. This represents a 12.1% downside from the current price of C$8.25.
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- Fiera Capital (TSE:FSZ) had its price target raised by analysts at Royal Bank of Canada from C$6.00 to C$7.00. They now have a "sector perform" rating on the stock. This represents a 15.2% downside from the current price of C$8.25.
*Curious* presentation of these ratings. Despite the fact that I find anaylsts telling me which way the wind blew yesterday and almost exclusively reactive to current price moments, that presentation you posted seems a bit misleading. I see no dates of these targets. Just looks like an automatic spewing of the *most recent* price targets without actually dating those predictions.
Like people writing "How to get rich books". Would seem investors like yourself heed/need these ratings so banks have to hire these stuff shirts. You want a dark comedy, track bank analysts ratings of a gold explorer through a cycle.
The fact is, FSZ yield is now only a "paltry" 10.2%. If that is substainable, the price will continue to rise. Or the dividend will be cut. FSZ was beaten to death because it looked the dividend would be cut for sure. It wasn't and certainly a whole lot of good news beginning with the large insider purchase last year.
tC