First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price Expected to Rise, National Bankshares Analyst Says

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 increased by investment analysts at National Bankshares from C$19.50 to C$21.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price indicates a potential upside of 12.72% from the company's previous close.

Separately, TD Securities lifted 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 issued a buy rating to the stock. According to MarketBeat.com, First Capital Real Estate Investment Trust currently has an average rating of "Moderate Buy" and an average target price of C$20.86.

First Capital Real Estate Investment Trust Stock Up 0.2%

Shares of First Capital Real Estate Investment Trust stock traded up C$0.04 on Thursday, reaching C$18.63. The company's stock had a trading volume of 169,761 shares, compared to its average volume of 403,187. The company has a market capitalization of C$3.95 billion, a price-to-earnings ratio of -64.24, a P/E/G ratio of -2.77 and a beta of 1.28. The firm's fifty day simple moving average is C$18.06 and its two-hundred day simple moving average is C$17.17. First Capital Real Estate Investment Trust has a 52 week low of C$15.17 and a 52 week high of C$19.09. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41.

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.