First Capital Real Estate Investment Trust (TSE:FCR.UN) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• First Capital Real Estate Investment Trust's stock price has recently surpassed its 200-day moving average, indicating potential bullish momentum in the market.
• Several analysts have raised their price targets for the stock, with Desjardins increasing it from C$20.00 to C$21.50 and Royal Bank of Canada boosting their target from C$20.00 to C$22.00, reflecting strong buy ratings.
• The current consensus rating for First Capital REIT is a "Moderate Buy", with a target price of C$20.86 according to MarketBeat data.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.21 and traded as high as C$19.04. First Capital Real Estate Investment Trust shares last traded at C$18.93, with a volume of 286,711 shares trading hands.

Analysts Set New Price Targets

Several research firms recently issued reports on FCR.UN. Desjardins increased their price target 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 report on Thursday, July 31st. Royal Bank Of Canada boosted their target price on 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. 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 research note on Thursday, July 31st. CIBC raised their price target on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, National Bankshares upped their price objective on First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.86.

First Capital Real Estate Investment Trust Trading Up 0.3%

The company has a market cap of C$4.02 billion, a price-to-earnings ratio of -65.28, a PEG ratio of -2.77 and a beta of 1.28. 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 business's 50-day simple moving average is C$18.13 and its 200-day simple moving average is C$17.21.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.