The stock of Fiera Capital Corp (TSE:FSZ) gapped up by $0.08 today and has $13.73 target or 6.00% above today’s $12.95 share price. The 5 months technical chart setup indicates low risk for the $781.33M company. The gap was reported on Dec, 1 by Barchart.com. If the $13.73 price target is reached, the company will be worth $46.88M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 26,302 shares traded hands. Fiera Capital Corp (TSE:FSZ) has declined 5.67% since April 27, 2016 and is downtrending. It has underperformed by 11.60% the S&P500.
Fiera Capital Corp (TSE:FSZ) Ratings Coverage
Out of 5 analysts covering Fiera Capital Corporation (TSE:FSZ), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $17.50 is the highest target while $13 is the lowest. The $14.60 average target is 12.74% above today’s ($12.95) stock price. Fiera Capital Corporation has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, November 11 by TD Securities. The stock has “Outperform” rating given by Scotia Capital on Friday, November 11.
Another recent and important Fiera Capital Corp (TSE:FSZ) news was published by Marketwatch.com which published an article titled: “Fiera Capital Corporation Opens the Market” on November 17, 2016.
Fiera Capital Corporation is an independent, full-service, multi-product investment company. The company has a market cap of $781.33 million. The Firm provides investment advisory and related services to institutional investors, private wealth clients and retail investors. It has a 37.48 P/E ratio. It operates through investment management services segment in Canada and the United States.
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