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First Capital Real Estate Investment Trust (TSE:FCR.UN) Given New C$22.00 Price Target at National Bankshares

First Capital Real Estate Investment Trust logo with Real Estate background

Key Points

  • First Capital Real Estate Investment Trust's price target was raised from C$21.00 to C$22.00 by National Bankshares, indicating a potential upside of 12.76%.
  • Analysts from TD Securities, Royal Bank of Canada, and Desjardins have also increased their target prices to C$22.00, with multiple firms rating the stock as a "buy."
  • The company's stock is currently trading at C$19.51, having a market capitalization of C$4.14 billion and an average rating of "Moderate Buy" from analysts.
  • MarketBeat previews the top five stocks to own by November 1st.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) had its price target raised by equities research analysts at National Bankshares from C$21.00 to C$22.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price suggests a potential upside of 12.76% from the company's previous close.

A number of other equities analysts have also weighed in on FCR.UN. TD Securities lifted their price objective 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 report on Thursday, July 31st. Royal Bank Of Canada boosted their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Desjardins boosted their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, CIBC boosted their target price on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$21.09.

Get Our Latest Research Report on FCR.UN

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN traded up C$0.03 during mid-day trading on Wednesday, reaching C$19.51. 101,618 shares of the company's stock were exchanged, compared to its average volume of 370,182. 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 capitalization of C$4.14 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of -2.77 and a beta of 0.95. The business's fifty day simple moving average is C$19.22 and its 200-day simple moving average is C$17.99. First Capital Real Estate Investment Trust has a 52-week low of C$15.17 and a 52-week high of C$19.90.

About First Capital Real Estate Investment Trust

(Get Free Report)

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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Analyst Recommendations for First Capital Real Estate Investment Trust (TSE:FCR.UN)

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