CIBC Reaffirms Their Buy Rating on FirstService (FSV)

In a report released today, Erin Kyle from CIBC reiterated a Buy rating on FirstService, with a price target of $216.00. The company’s shares opened today at $171.88.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Kyle covers the Technology sector, focusing on stocks such as Enghouse Systems, Dye & Durham, and D2L. According to TipRanks, Kyle has an average return of 17.6% and a 100.00% success rate on recommended stocks.

Currently, the analyst consensus on FirstService is a Strong Buy with an average price target of $216.33, implying a 25.86% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $230.00 price target.

FSV market cap is currently $8.4B and has a P/E ratio of 55.14.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FSV in relation to earlier this year.