First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price Expected to Rise, TD Securities Analyst Says

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its target price hoisted by analysts at TD Securities from C$20.00 to C$21.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 15.58% from the stock’s previous close.

Several other equities analysts have also recently commented on FCR.UN. Raymond James set a C$20.50 target price on shares of First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a research note on Friday, October 18th. Royal Bank of Canada increased their target price on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday. CIBC boosted 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 research note on Thursday, August 1st. Scotiabank lifted 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 report on Wednesday. Finally, Canaccord Genuity Group upped 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 note on Monday, September 16th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$20.11.

First Capital Real Estate Investment Trust Stock Performance

Shares of First Capital Real Estate Investment Trust stock traded up C$0.24 during trading on Wednesday, reaching C$18.17. The company’s 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 company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The firm has a market cap of C$3.86 billion, a price-to-earnings ratio of -62.66, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The business’s fifty day moving average price is C$17.97 and its 200-day moving average price is C$16.27.

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).