First Capital Real Estate Investment Trust (TSE:FCR.UN) Given New C$20.00 Price Target at Royal Bank of Canada

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its target price upped by equities researchers at Royal Bank of Canada from C$19.00 to C$20.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 10.07% from the company’s current price.

A number of other research analysts also recently issued reports on FCR.UN. BMO Capital Markets upped their price target on First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a report on Monday. Canaccord Genuity Group upped their price target on First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. CIBC raised their price target on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. National Bankshares boosted their price target on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research note on Wednesday, October 9th. Finally, Desjardins raised their target price 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 nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$20.11.

First Capital Real Estate Investment Trust Stock Up 1.3 %

FCR.UN traded up C$0.24 during trading on Wednesday, reaching C$18.17. The stock had a trading volume of 186,547 shares, compared to its average volume of 348,429. 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 stock’s 50 day moving average is C$17.97 and its two-hundred day moving average is C$16.27. The company has a market capitalization of C$3.86 billion, a price-to-earnings ratio of -62.66, a P/E/G 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 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).