Brokerages Set First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target at C$20.11

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$20.11.

Several equities research analysts recently issued reports on the stock. TD Securities raised their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Scotiabank upped their price target on shares of First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Raymond James set a C$20.50 price objective on shares of First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Friday, October 18th. Canaccord Genuity Group boosted their price objective on shares of First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada upped their target price on First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

First Capital Real Estate Investment Trust Price Performance

Shares of TSE:FCR.UN opened at C$17.24 on Friday. The business has a fifty day simple moving average of C$17.57 and a 200-day simple moving average of C$17.13. First Capital Real Estate Investment Trust has a 52 week low of C$14.19 and a 52 week high of C$18.98. The company has a market cap of C$3.66 billion, a P/E ratio of -59.45, a P/E/G ratio of -2.77 and a beta of 1.28. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

First Capital Real Estate Investment Trust Company Profile

First Capital Real Estate Investment Trust (First Capital, RCF or the Fund) is an unincorporated open-end mutual fund governed by the laws of the Province of Ontario, Canada, and established pursuant to a declaration of trust dated October 16, 2019, which may be amended from time to time (the Declaration of Trust).