First Capital Real Estate Investment Trust (TSE:FCR.UN) Given Average Rating 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 eight research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$20.11.

A number of brokerages recently issued reports on FCR.UN. Canaccord Genuity Group increased their target price on First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Royal Bank of Canada raised their price target on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. National Bankshares boosted their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a report on Wednesday, October 9th. Scotiabank raised their target price on First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, Raymond James set a C$20.50 target price on shares of First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a report on Friday, October 18th.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN stock opened at C$17.79 on Monday. The firm has a 50 day moving average of C$17.93 and a 200-day moving average of C$16.81. The company has a market cap of C$3.78 billion, a price-to-earnings ratio of -61.34, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. First Capital Real Estate Investment Trust has a 52 week low of C$14.07 and a 52 week high of C$18.98.

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).