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

Key Points

• First Capital Real Estate Investment Trust has had its price target raised by National Bankshares from C$19.50 to C$21.00, indicating a potential upside of 12.36%.
• TD Securities also increased their target price to C$22.00 while maintaining a "buy" rating for the stock, which is rated a "Moderate Buy" by analysts.
• As of Thursday, First Capital REIT's stock was trading at C$18.69, reflecting a decrease of C$0.12 during the trading day.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) had its price target hoisted by National Bankshares from C$19.50 to C$21.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price target would suggest a potential upside of 12.72% from the company's current price.

Separately, TD Securities increased their target price 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, First Capital Real Estate Investment Trust presently has an average rating of "Moderate Buy" and a consensus price target of C$20.86.

First Capital Real Estate Investment Trust Price Performance

Shares of FCR.UN stock traded up C$0.04 during trading hours on Thursday, hitting C$18.63. 169,761 shares of the company's stock were exchanged, compared to its average volume of 403,187. The stock's 50-day moving average is C$18.06 and its 200-day moving average is C$17.18. 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 stock has a market cap 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. First Capital Real Estate Investment Trust has a 52 week low of C$15.17 and a 52 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.