Desjardins Issues Positive Forecast for First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price

Key Points

• Desjardins has increased its target price for First Capital Real Estate Investment Trust (TSE:FCR.UN) from C$20.00 to C$21.50, indicating a potential upside of 15.03% from the current stock price.
• Other analysts, including National Bankshares and TD Securities, have also raised their price targets for the stock, with TD Securities setting a target of C$22.00 and rating it as "buy."
• Despite a slight decline in trading, First Capital REIT maintains a market cap of C$3.97 billion and an average analyst rating of "Moderate Buy."

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) had its target price hoisted by investment analysts at Desjardins from C$20.00 to C$21.50 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price target suggests a potential upside of 15.03% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. National Bankshares lifted their price target on shares of First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the company an "outperform" rating in a research note on Thursday. TD Securities lifted their price target on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, First Capital Real Estate Investment Trust presently has an average rating of "Moderate Buy" and an average target price of C$20.86.

First Capital Real Estate Investment Trust Trading Down 0.6%

FCR.UN stock traded down C$0.12 during midday 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 firm has a market cap of C$3.97 billion, a P/E ratio of -64.45, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. First Capital Real Estate Investment Trust has a 1-year low of C$15.17 and a 1-year high of C$19.09. The business has a fifty day moving average price of C$18.00 and a two-hundred day moving average price of 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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