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First Capital Real Estate Investment Trust (TSE:FCR.UN) Share Price Passes Above 200 Day Moving Average - What's Next?

First Capital Real Estate Investment Trust logo with Real Estate background

Key Points

  • First Capital Real Estate Investment Trust's stock price has recently crossed above its 200-day moving average, reaching C$19.38 during trading.
  • Several brokerages upgraded their price targets for the stock, with most now having a target between C$21.00 and C$22.00 and a consensus rating of "Moderate Buy."
  • The company holds a market capitalization of C$4.09 billion and has a current ratio of 1.22, indicating a stable financial position.
  • MarketBeat previews the top five stocks to own by October 1st.

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 Tuesday . The stock has a 200-day moving average of C$17.62 and traded as high as C$19.38. First Capital Real Estate Investment Trust shares last traded at C$19.26, with a volume of 201,448 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on FCR.UN shares. CIBC raised their price target 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 report on Thursday, July 31st. Royal Bank Of Canada lifted 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 upped their target price on First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the company a "buy" rating in a report on Thursday, July 31st. National Bankshares upped their target price on First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, 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 stock a "buy" rating in a research report on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$20.86.

Check Out Our Latest Stock Report on FCR.UN

First Capital Real Estate Investment Trust Price Performance

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 company has a market cap of C$4.13 billion, a price-to-earnings ratio of 15.82, a PEG ratio of -2.77 and a beta of 0.91. The business has a fifty day moving average price of C$18.87 and a 200 day moving average price of C$17.67.

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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