CIBC Raises First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target to C$21.00

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price target lifted by analysts at CIBC from C$19.00 to C$21.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 15.58% from the stock’s previous close.

Several other brokerages also recently issued reports on FCR.UN. Royal Bank of Canada upped their target price on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group increased 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 research note 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. Desjardins lifted their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, 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. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.11.

First Capital Real Estate Investment Trust Stock Up 1.3 %

Shares of FCR.UN traded up C$0.24 during trading hours on Wednesday, hitting C$18.17. The company had a trading volume of 186,547 shares, compared to its average volume of 348,429. The stock has a market capitalization of C$3.86 billion, a price-to-earnings ratio of -62.66, a P/E/G ratio of -2.77 and a beta of 1.28. The firm has a fifty day moving average price of C$17.97 and a 200-day moving average price of C$16.27. First Capital Real Estate Investment Trust has a 52-week low of C$12.72 and a 52-week high of C$18.98. 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 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).