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 - Free Report) had its price objective hoisted by Desjardins from C$20.00 to C$21.50 in a research note released on Thursday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. 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 note on Thursday. 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 note on Thursday. One research 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, the stock has an average rating of "Moderate Buy" and an average target price of C$20.86.

First Capital Real Estate Investment Trust Trading Up 0.2%

TSE:FCR.UN traded up C$0.04 during mid-day trading on Thursday, hitting C$18.63. The company had a trading volume of 169,761 shares, compared to its average volume of 403,187. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The firm has a market cap of C$3.95 billion, a P/E ratio of -64.24, a P/E/G ratio of -2.77 and a beta of 1.28. The business's fifty day moving average is C$18.06 and its two-hundred day moving average is C$17.18. First Capital Real Estate Investment Trust has a fifty-two week low of C$15.17 and a fifty-two week high of C$19.09.

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.