First Capital Real Estate Investment Trust (TSE:FCR.UN) Given New C$19.00 Price Target at Desjardins

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price target increased by Desjardins from C$18.00 to C$19.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

FCR.UN has been the topic of a number of other reports. Royal Bank of Canada decreased their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$18.00 and set an outperform rating on the stock in a research report on Thursday, May 2nd. CIBC dropped their price objective on First Capital Real Estate Investment Trust from C$19.00 to C$18.00 and set an outperform rating on the stock in a research note on Thursday, May 2nd. Finally, National Bankshares dropped their price objective on First Capital Real Estate Investment Trust from C$17.50 to C$17.25 and set an outperform rating on the stock in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, First Capital Real Estate Investment Trust has a consensus rating of Moderate Buy and a consensus price target of C$18.29.

First Capital Real Estate Investment Trust Price Performance

First Capital Real Estate Investment Trust stock traded down C$0.06 during midday trading on Thursday, reaching C$16.39. 1,055 shares of the stock traded hands, compared to its average volume of 358,669. The stock’s fifty day moving average is C$15.20 and its 200-day moving average is C$15.45. First Capital Real Estate Investment Trust has a 12 month low of C$12.37 and a 12 month high of C$16.76. The stock has a market cap of C$3.48 billion, a P/E ratio of -32.25, a PEG ratio of -2.77 and a beta of 1.26. The company has a quick ratio of 0.07, a current ratio of 0.90 and a debt-to-equity ratio of 104.57.

Insider Buying and Selling at First Capital Real Estate Investment Trust

In other First Capital Real Estate Investment Trust news, Director Al Mawani purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average price of C$14.58 per share, for a total transaction of C$72,900.00. Company insiders own 0.42% of the company’s stock.

About First Capital Real Estate Investment Trust

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.