First Capital Real Estate Investment Trust (TSE:FCR.UN) Given New C$22.00 Price Target at Royal Bank Of Canada

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 objective upped by research analysts at Royal Bank Of Canada from C$20.00 to C$22.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 18.09% from the stock's current price.

A number of other equities analysts have also recently issued reports on the company. TD Securities upped 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. Desjardins upped their target price on 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. Finally, National Bankshares upped their target price 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$20.86.

First Capital Real Estate Investment Trust Price Performance

TSE FCR.UN traded up C$0.04 during midday trading on Thursday, hitting C$18.63. The company had a trading volume of 169,761 shares, compared to its average volume of 403,187. The firm has a 50-day moving average price of C$18.06 and a 200-day moving average price of C$17.18. The company has a market capitalization of C$3.95 billion, a PE ratio of -64.24, a P/E/G ratio of -2.77 and a beta of 1.28. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. First Capital Real Estate Investment Trust has a twelve month low of C$15.17 and a twelve month high of C$19.09.

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.