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

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price target increased by Royal Bank of Canada from C$19.00 to C$20.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently issued reports on FCR.UN. National Bankshares boosted their price target on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a report on Wednesday, October 9th. BMO Capital Markets upped their target price on First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a report on Monday, October 28th. CIBC lifted 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 report on Thursday, August 1st. TD Securities upped their price objective 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 report on Wednesday, September 4th. Finally, 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$20.11.

First Capital Real Estate Investment Trust Price Performance

Shares of First Capital Real Estate Investment Trust stock opened at C$17.58 on Wednesday. The company’s fifty day simple moving average is C$18.04 and its two-hundred 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 firm has a market cap of C$3.73 billion, a PE ratio of -60.62, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

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).