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

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price objective boosted by equities research analysts at Royal Bank of Canada from C$19.00 to C$20.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 12.49% from the company’s current price.

A number of other analysts have also commented on the stock. TD Securities boosted their price target on shares of First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Scotiabank boosted their target price on shares of First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the stock a “sector perform” rating in a research report on Wednesday. BMO Capital Markets raised their price target on shares of First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a research report on Monday. CIBC increased their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Canaccord Genuity Group raised their target price on First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the company a “buy” rating in a report on Monday, September 16th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, First Capital Real Estate Investment Trust has an average rating of “Moderate Buy” and an average price target of C$20.11.

First Capital Real Estate Investment Trust Stock Down 1.6 %

FCR.UN stock opened at C$17.78 on Wednesday. The stock’s 50 day simple moving average is C$18.00 and its 200 day simple moving average is C$16.29. The company has a market cap of C$3.77 billion, a P/E ratio of -61.31, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. First Capital Real Estate Investment Trust has a fifty-two week low of C$12.72 and a fifty-two 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).