First Capital Realty (TSE:FCR.UN) Price Target Cut to C$19.50

First Capital Realty (TSE:FCR.UNGet Rating) had its target price decreased by equities researchers at Scotiabank from C$20.00 to C$19.50 in a report released on Thursday, BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 24.92% from the stock’s previous close.

FCR.UN has been the topic of a number of other reports. TD Securities lifted their price target on First Capital Realty from C$22.00 to C$23.00 in a research note on Wednesday, January 5th. Royal Bank of Canada decreased their price target on First Capital Realty from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, National Bankshares reduced their price objective on First Capital Realty from C$20.50 to C$19.50 in a report on Wednesday, April 27th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, First Capital Realty presently has a consensus rating of “Buy” and an average price target of C$21.00.

First Capital Realty stock opened at C$15.61 on Thursday. The company has a debt-to-equity ratio of 95.18, a current ratio of 0.69 and a quick ratio of 0.11. First Capital Realty has a 1-year low of C$15.49 and a 1-year high of C$19.19. The company has a market cap of C$3.43 billion and a PE ratio of 7.45. The stock’s 50 day moving average price is C$17.63 and its 200 day moving average price is C$18.00.

About First Capital Realty (Get Rating)

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.

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