First Capital Real Estate Investment Trust (TSE:FCR.UN) Receives C$18.78 Consensus Target Price from Brokerages

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$18.78.

Several equities analysts have recently issued reports on FCR.UN shares. TD Securities boosted their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Desjardins boosted 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 research note on Thursday, August 1st. Scotiabank raised their price target on shares of First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research note on Friday, August 2nd. CIBC boosted their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Canaccord Genuity Group raised their target price on First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the company a “buy” rating in a research report on Monday, September 16th.

First Capital Real Estate Investment Trust Trading Down 1.0 %

Shares of TSE FCR.UN opened at C$18.60 on Wednesday. First Capital Real Estate Investment Trust has a 12-month low of C$12.37 and a 12-month high of C$18.98. The company has a market cap of C$3.95 billion, a price-to-earnings ratio of -64.14, a price-to-earnings-growth ratio of -2.77 and a beta of 1.27. 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 stock’s 50 day simple moving average is C$17.23 and its 200 day simple moving average is C$15.89.

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.