Royal Bank of Canada Issues Positive Forecast for First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its target price hoisted by Royal Bank of Canada from C$19.00 to C$20.00 in a report issued on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities analysts have also commented on the company. Raymond James set a C$20.50 price target on First Capital Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Friday, October 18th. TD Securities raised their price target on First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. BMO Capital Markets raised their price target on First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a report on Monday. Desjardins lifted their price objective on 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. Finally, CIBC lifted their price objective on 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$20.11.

First Capital Real Estate Investment Trust Price Performance

First Capital Real Estate Investment Trust stock opened at C$18.07 on Wednesday. First Capital Real Estate Investment Trust has a one year low of C$12.72 and a one year high of C$18.98. The business has a fifty day moving average price of C$18.00 and a 200-day moving average price of C$16.29. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The firm has a market capitalization of C$3.84 billion, a P/E ratio of -62.31, a PEG ratio of -2.77 and a beta of 1.28.

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).