Royal Bank Of Canada Forecasts Strong Price Appreciation for First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock

Key Points

• Royal Bank Of Canada raised its price target for First Capital Real Estate Investment Trust from C$20.00 to C$22.00, indicating a potential upside of 17.71% from the previous close.
• Other analysts, including Desjardins and TD Securities, have also increased their target prices, with consensus indicating a Moderate Buy rating and an average target price of C$20.86.
• Currently, First Capital REIT's stock is trading at C$18.69, showing some volatility, as it has experienced a one-year low of C$15.17 and a high of C$19.09.

First Capital Real Estate Investment Trust (TSE:FCR.UN - Get Free Report) had its price target boosted by equities research analysts at Royal Bank Of Canada from C$20.00 to C$22.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 17.71% from the company's previous close.

A number of other research analysts have also recently weighed in on the stock. Desjardins lifted their price objective on shares of 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. National Bankshares increased their target price on shares of First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, TD Securities 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 a "buy" rating in a research report on Thursday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$20.86.

First Capital Real Estate Investment Trust Price Performance

Shares of First Capital Real Estate Investment Trust stock traded down C$0.12 during trading hours on Thursday, reaching C$18.69. The company's stock had a trading volume of 257,780 shares, compared to its average volume of 402,533. The firm has a 50 day moving average price of C$18.00 and a 200-day moving average price of C$17.14. First Capital Real Estate Investment Trust has a one year low of C$15.17 and a one year high of C$19.09. 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$3.97 billion, a P/E ratio of -64.45, a P/E/G ratio of -2.77 and a beta of 1.28.

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.

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