First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Price Expected to Rise, CIBC Analyst Says

First Capital Real Estate Investment Trust (TSE:FCR.UNGet Free Report) had its price target lifted by research analysts at CIBC from C$21.00 to C$22.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 18.09% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. National Bankshares raised their target price on First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada lifted their price target on First Capital Real Estate Investment Trust from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Securities lifted their price target on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Desjardins lifted their price target on First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$20.86.

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First Capital Real Estate Investment Trust Price Performance

First Capital Real Estate Investment Trust stock opened at C$18.63 on Thursday. First Capital Real Estate Investment Trust has a one year low of C$15.17 and a one year high of C$19.09. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The business has a fifty day moving average of C$18.06 and a two-hundred day moving average of C$17.17. The company has a market cap of C$3.95 billion, a P/E ratio of -64.24, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28.

First Capital Real Estate Investment Trust Company Profile

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First Capital REIT is a developer, owner and operator of mixed-use urban real estate in Canada’s populated centres. The company’s focus is on creating thriving neighbourhoods that create value for businesses, residents, communities and investors.

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Analyst Recommendations for First Capital Real Estate Investment Trust (TSE:FCR.UN)

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