Royal Bank Of Canada 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 target hoisted by investment analysts at Royal Bank Of Canada from C$20.00 to C$22.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 18.09% from the company’s current price.

FCR.UN has been the topic of a number of other research reports. TD Securities upped their target price on shares of First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company a “buy” rating in a research report on Thursday. Desjardins upped their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.50 and gave the company a “buy” rating in a research report on Thursday. Finally, National Bankshares upped their target price on shares of First Capital Real Estate Investment Trust from C$19.50 to C$21.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$20.86.

First Capital Real Estate Investment Trust Trading Up 0.2%

TSE FCR.UN opened at C$18.63 on Thursday. The firm’s 50-day moving average is C$18.06 and its two-hundred day moving average is C$17.17. First Capital Real Estate Investment Trust has a 12 month low of C$15.17 and a 12 month high of C$19.09. 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 stock has a market capitalization of C$3.95 billion, a P/E ratio of -64.24, a PEG ratio of -2.77 and a beta of 1.28.

First Capital Real Estate Investment Trust Company Profile

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.