CIBC 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 target price hoisted by equities researchers at CIBC from C$19.00 to C$21.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 18.11% from the stock’s previous close.

FCR.UN has been the topic of a number of other research reports. Raymond James set a C$20.50 price target on shares of First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Friday, October 18th. Canaccord Genuity Group lifted 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. TD Securities upped their price target on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Wednesday. National Bankshares raised their price target on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research report on Wednesday, October 9th. Finally, Scotiabank boosted their price objective on 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.11.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN stock opened at C$17.78 on Wednesday. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. 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. The stock’s 50-day moving average is C$18.00 and its two-hundred day moving average is C$16.29. The firm has a market cap of C$3.77 billion, a P/E ratio of -61.31, a PEG ratio of -2.77 and a beta of 1.28.

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).