Royal Bank of Canada Lowers First Capital Real Estate Investment Trust (OTCMKTS:FCXXF) Price Target to C$21.00

First Capital Real Estate Investment Trust (OTCMKTS:FCXXFGet Rating) had its target price trimmed by Royal Bank of Canada from C$22.00 to C$21.00 in a research report sent to investors on Thursday morning, The Fly reports.

A number of other brokerages have also weighed in on FCXXF. National Bank Financial decreased their price objective on shares of First Capital Real Estate Investment Trust from C$20.50 to C$19.50 in a report on Wednesday, April 27th. Scotiabank decreased their target price on First Capital Real Estate Investment Trust from C$20.00 to C$19.50 in a research report on Thursday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Buy and a consensus target price of $21.00.

OTCMKTS:FCXXF opened at $12.58 on Thursday. First Capital Real Estate Investment Trust has a twelve month low of $12.58 and a twelve month high of $15.14. The stock has a fifty day simple moving average of $14.03 and a 200-day simple moving average of $14.25.

About First Capital Real Estate Investment Trust (Get Rating)

First Capital is a leading developer, owner and manager of mixed-use real estate located in Canada's most densely populated cities. First Capital's focus is on creating thriving urban neighbourhoods to generate value for businesses, residents, communities and our investors.

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