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

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$20.11.

A number of brokerages have recently weighed in on FCR.UN. Desjardins increased their target price on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. CIBC raised their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Scotiabank raised their price objective on 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 note on Wednesday, October 30th. Finally, BMO Capital Markets raised their price objective on First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a research note on Monday, October 28th.

First Capital Real Estate Investment Trust Price Performance

Shares of TSE FCR.UN opened at C$17.69 on Thursday. The firm has a market cap of C$3.75 billion, a P/E ratio of -61.00, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. First Capital Real Estate Investment Trust has a 1-year low of C$13.61 and a 1-year high of C$18.98. The business’s 50 day moving average is C$18.11 and its 200-day moving average is C$16.52.

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).