First Capital Real Estate Investment Trust (TSE:FCR.UN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$18.78.

A number of brokerages recently weighed in on FCR.UN. Desjardins raised their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. CIBC raised their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a research note on Friday, August 2nd. Canaccord Genuity Group raised their price target on shares of First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, Scotiabank raised their price target on shares of First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research note on Friday, August 2nd.

First Capital Real Estate Investment Trust Trading Up 0.6 %

Shares of First Capital Real Estate Investment Trust stock opened at C$18.87 on Wednesday. The firm has a market capitalization of C$4.00 billion, a PE ratio of -65.07, a P/E/G ratio of -2.77 and a beta of 1.27. First Capital Real Estate Investment Trust has a twelve month low of C$12.37 and a twelve month high of C$18.98. The firm’s 50-day moving average price is C$17.13 and its 200 day moving average price is C$15.85. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41.

About First Capital Real Estate Investment Trust

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.