CIBC Boosts First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target to C$19.00

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price objective upped by CIBC from C$18.00 to C$19.00 in a research note released on Thursday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on FCR.UN. Desjardins boosted their price target 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. National Bankshares decreased their target price on shares of First Capital Real Estate Investment Trust from C$17.50 to C$17.25 and set an outperform rating for the company in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada cut their price target on shares of First Capital Real Estate Investment Trust from C$19.00 to C$18.00 and set an outperform rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of C$18.46.

First Capital Real Estate Investment Trust Price Performance

FCR.UN opened at C$16.39 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.07 and a debt-to-equity ratio of 104.57. First Capital Real Estate Investment Trust has a 1 year low of C$12.37 and a 1 year high of C$16.76. The stock has a fifty day moving average price of C$15.25 and a 200 day moving average price of C$15.47. The stock has a market cap of C$3.48 billion, a price-to-earnings ratio of -32.14, a PEG ratio of -2.77 and a beta of 1.26.

Insider Buying and Selling

In other First Capital Real Estate Investment Trust news, Director Al Mawani purchased 5,000 shares of the stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of C$14.58 per share, with a total value of C$72,900.00. 0.42% of the stock is owned by insiders.

First Capital Real Estate Investment Trust Company Profile

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.