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An announcement from Fiera Capital A ( (TSE:FSZ) ) is now available.
Fiera Capital Corporation has increased its previously announced offering of 7.75% senior subordinated unsecured debentures to $70 million due to strong demand. The proceeds from this offering will be used to redeem the company’s existing 8.25% debentures due in 2026 and for general corporate purposes, reflecting a strategic move to manage its debt obligations and optimize its financial structure.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Spark’s Take on TSE:FSZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:FSZ is a Neutral.
Fiera Capital’s overall stock score reflects its mixed financial performance, with stable revenue overshadowed by declining profitability and high leverage. The bearish technical indicators and concerns over valuation add to the cautious outlook. While strategic moves from the earnings call offer some optimism, the company must address its financial challenges to improve its stock performance.
To see Spark’s full report on TSE:FSZ stock, click here.
More about Fiera Capital A
Fiera Capital Corporation operates in the financial services industry, focusing on investment management. The company provides a range of investment solutions to institutional, retail, and private wealth clients across various asset classes and strategies.
Average Trading Volume: 412,867
Technical Sentiment Signal: Sell
Current Market Cap: C$634.2M
See more insights into FSZ stock on TipRanks’ Stock Analysis page.