TD Securities 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 target boosted by equities research analysts at TD Securities from C$20.00 to C$21.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 18.11% from the stock’s previous close.

FCR.UN has been the topic of several other research reports. Scotiabank upped their target price on shares of First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the company a “sector perform” rating in a research note on Wednesday. Canaccord Genuity Group raised their target price on shares of 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. Raymond James set a C$20.50 price target on First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a report on Friday, October 18th. BMO Capital Markets lifted their price objective on First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a report on Monday. Finally, CIBC increased their target price on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$20.11.

First Capital Real Estate Investment Trust Stock Performance

FCR.UN stock opened at C$17.78 on Wednesday. The stock has a market capitalization of C$3.77 billion, a PE ratio of -61.31, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The stock’s 50 day simple moving average is C$18.00 and its 200 day simple moving average is C$16.29. First Capital Real Estate Investment Trust has a 12-month low of C$12.72 and a 12-month high of C$18.98. 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 Company Profile

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).