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 price target increased by TD Securities from C$20.00 to C$21.00 in a research report released on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Scotiabank upped their target price on shares of First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the company a “sector perform” rating in a report on Wednesday. Royal Bank of Canada increased their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins boosted their target price on 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. Raymond James set a C$20.50 price target on First Capital Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, BMO Capital Markets lifted their price objective on shares of First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a research report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.11.

First Capital Real Estate Investment Trust Stock Performance

Shares of First Capital Real Estate Investment Trust stock opened at C$17.58 on Wednesday. The firm’s fifty day simple moving average is C$18.04 and its 200-day simple moving average is C$16.31. First Capital Real Estate Investment Trust has a 12 month low of C$13.30 and a 12 month high of C$18.98. The stock has a market capitalization of C$3.73 billion, a price-to-earnings ratio of -60.62, a PEG ratio of -2.77 and a beta of 1.28. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07.

About First Capital Real Estate Investment Trust

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).