CIBC Raises First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target to C$22.00

Key Points

• CIBC has increased its price target for First Capital Real Estate Investment Trust from C$21.00 to C$22.00, indicating a potential upside of 17.71% from the company's last close.
• Other analysts, including the Royal Bank of Canada and TD Securities, have also raised their price targets to C$22.00, showing a consensus rating of "Moderate Buy".
• First Capital REIT currently has a market capitalization of C$3.97 billion with trading activity showing a daily volume of 257,780 shares.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Free Report) had its price target lifted by CIBC from C$21.00 to C$22.00 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also commented on FCR.UN. National Bankshares upped their target price on First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the company an "outperform" rating in a research report on Thursday. TD Securities increased their price target on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a "buy" rating in a report on Thursday. Desjardins increased their price target on First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the stock a "buy" rating in a report on Thursday. Finally, Royal Bank Of Canada increased their price target on First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a report on Thursday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.86.

First Capital Real Estate Investment Trust Trading Up 0.2%

Shares of First Capital Real Estate Investment Trust stock traded up C$0.04 on Thursday, hitting C$18.63. 169,761 shares of the company's stock traded hands, compared to its average volume of 403,187. First Capital Real Estate Investment Trust has a one year low of C$15.17 and a one year high of C$19.09. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The company has a fifty day moving average of C$18.06 and a two-hundred day moving average of C$17.18. The company has a market capitalization of C$3.95 billion, a price-to-earnings ratio of -64.24, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28.

About First Capital Real Estate Investment Trust

First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada's populated centres. The company's focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.