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 objective lifted by equities research analysts at TD Securities from C$20.00 to C$21.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 15.58% from the company’s current price.

FCR.UN has been the subject of several other reports. Scotiabank raised their target price on shares of First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the stock a “sector perform” rating in a report on Wednesday. National Bankshares boosted 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. Royal Bank of Canada raised their target price on First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday. 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 research report on Friday, October 18th. Finally, CIBC raised their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$20.11.

First Capital Real Estate Investment Trust Price Performance

TSE:FCR.UN traded up C$0.24 during trading hours on Wednesday, reaching C$18.17. 186,547 shares of the company’s stock were exchanged, compared to its average volume of 348,429. The company has a market capitalization of C$3.86 billion, a P/E ratio of -62.66, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. 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 business’s 50-day simple moving average is C$17.97 and its two-hundred day simple moving average is C$16.27. The company has a quick ratio of 0.07, a current ratio of 1.22 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).