Scotiabank 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 upped by analysts at Scotiabank from C$17.50 to C$18.75 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 5.46% from the company’s previous close.

FCR.UN has been the subject of several other reports. Royal Bank of Canada boosted their target price on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a report on Friday, August 2nd. BMO Capital Markets boosted their price objective on shares of First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a research note on Monday. National Bankshares raised their target price on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research note on Wednesday, October 9th. TD Securities boosted their target price on shares of First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Canaccord Genuity Group upped their price target on shares of 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 research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$20.11.

First Capital Real Estate Investment Trust Trading Down 1.6 %

TSE:FCR.UN opened at C$17.78 on Wednesday. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The company has a market capitalization of C$3.77 billion, a P/E ratio of -61.31, a P/E/G ratio of -2.77 and a beta of 1.28. The stock’s 50 day moving average price is C$18.00 and its 200 day moving average price is C$16.29. First Capital Real Estate Investment Trust has a 52 week low of C$12.72 and a 52 week high of C$18.98.

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).