Raymond James Analysts Give First Capital Real Estate Investment Trust (TSE:FCR.UN) a C$20.50 Price Target

Raymond James set a C$20.50 price objective on First Capital Real Estate Investment Trust (TSE:FCR.UN) in a research note published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. Scotiabank upped their price objective on First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a report on Friday, August 2nd. 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. CIBC lifted their price objective on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. TD Securities increased their target price on shares of First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, National Bankshares lifted their price target on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$19.36.

First Capital Real Estate Investment Trust Stock Performance

FCR.UN opened at C$17.98 on Friday. The business has a 50 day moving average price of C$17.76 and a two-hundred day moving average price of C$16.15. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. The company has a market capitalization of C$3.82 billion, a price-to-earnings ratio of -62.03, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. First Capital Real Estate Investment Trust has a 1-year low of C$12.38 and a 1-year high of C$18.98.

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).