CIBC Increases 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 - Get Free Report) had its price target lifted by equities researchers at CIBC from C$21.00 to C$22.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. CIBC's price objective would suggest a potential upside of 17.71% from the company's previous close.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada upped their price target on First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the company an "outperform" rating in a research report on Thursday. Desjardins upped their price target on First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the company a "buy" rating in a research report on Thursday. TD Securities upped their price target on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a "buy" rating in a research report on Thursday. Finally, National Bankshares upped their price target 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$20.86.

First Capital Real Estate Investment Trust Price Performance

FCR.UN stock traded down C$0.12 during trading on Thursday, hitting C$18.69. The stock had a trading volume of 257,780 shares, compared to its average volume of 402,533. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. First Capital Real Estate Investment Trust has a twelve month low of C$15.17 and a twelve month high of C$19.09. The stock has a market capitalization of C$3.97 billion, a P/E ratio of -64.45, a PEG ratio of -2.77 and a beta of 1.28. The company's 50-day moving average price is C$18.00 and its two-hundred day moving average price is C$17.14.

First Capital Real Estate Investment Trust Company Profile

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.

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