First Capital Real Estate Investment Trust (TSE:FCR.UN) Given Average Recommendation of “Moderate Buy” by Analysts

First Capital Real Estate Investment Trust (TSE:FCR.UN) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$19.36.

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a report on Friday, August 2nd. Scotiabank increased their price objective on First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research report on Friday, August 2nd. CIBC boosted their target price on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Desjardins increased their price objective on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Raymond James set a C$20.50 target price on First Capital Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Friday.

First Capital Real Estate Investment Trust Stock Performance

First Capital Real Estate Investment Trust stock opened at C$18.21 on Friday. 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 1-year low of C$12.38 and a 1-year high of C$18.98. The firm has a market capitalization of C$3.86 billion, a PE ratio of -62.79, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The firm’s 50 day simple moving average is C$17.76 and its 200 day simple moving average is C$16.15.

About First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust (First Capital, RCF or the Fund) is an unincorporated open-end mutual fund governed by the laws of the Province of Ontario, Canada, and established pursuant to a declaration of trust dated October 16, 2019, which may be amended from time to time (the Declaration of Trust).