Canaccord Genuity Group Increases First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target to C$20.00

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price target increased by research analysts at Canaccord Genuity Group from C$17.50 to C$20.00 in a report issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 8.64% from the stock’s previous close.

FCR.UN has been the subject of several other research reports. Scotiabank boosted their price objective on First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research report on Friday, August 2nd. CIBC increased 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 report on Thursday, August 1st. TD Securities raised their price objective on shares of First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Royal Bank of Canada upped their target price 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. Finally, Desjardins increased 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 report on Thursday, August 1st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$18.78.

First Capital Real Estate Investment Trust Price Performance

TSE FCR.UN opened at C$18.41 on Monday. First Capital Real Estate Investment Trust has a 1 year low of C$12.37 and a 1 year high of C$18.51. The company has a fifty day simple moving average of C$16.75 and a 200 day simple moving average of C$15.73. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The company has a market cap of C$3.91 billion, a P/E ratio of -63.48, a P/E/G ratio of -2.77 and a beta of 1.27.

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.