First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target Raised to C$20.00

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price objective upped by BMO Capital Markets from C$18.50 to C$20.00 in a research report released on Monday morning, BayStreet.CA reports.

A number of other equities analysts have also weighed in on the company. 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. TD Securities lifted their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Raymond James set a C$20.50 price objective on First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Friday, October 18th. Scotiabank raised their target price on First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research report on Friday, August 2nd. Finally, Desjardins raised their target price 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 report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.11.

First Capital Real Estate Investment Trust Stock Performance

TSE FCR.UN opened at C$18.07 on Monday. The stock has a 50-day simple moving average of C$18.00 and a two-hundred day simple moving average of C$16.29. 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 has a fifty-two week low of C$12.72 and a fifty-two week high of C$18.98. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22.

About First Capital Real Estate Investment Trust

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).