First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target Raised to C$20.00 at Canaccord Genuity Group

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its target price boosted by analysts at Canaccord Genuity Group from C$17.50 to C$20.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 8.87% from the company’s previous close.

Other research analysts have also issued reports about the company. Royal Bank of Canada upped their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a report on Friday, August 2nd. CIBC upped their price target on shares of 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 raised their price target on shares of First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research report on Friday, August 2nd. Desjardins boosted their price objective 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. Finally, TD Securities increased their target price on shares of First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$18.78.

First Capital Real Estate Investment Trust Stock Performance

Shares of TSE:FCR.UN traded down C$0.06 during trading on Monday, reaching C$18.37. 175,459 shares of the stock were exchanged, compared to its average volume of 346,997. First Capital Real Estate Investment Trust has a 12 month low of C$12.37 and a 12 month high of C$18.44. The stock has a 50-day moving average price of C$16.69 and a 200-day moving average price of C$15.71. 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 firm has a market cap of C$3.90 billion, a PE ratio of -63.34, a PEG ratio of -2.77 and a beta of 1.27.

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.