First Capital Real Estate Investment Trust (TSE:FCR.UN) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

First Capital Real Estate Investment Trust (TSE:FCR.UN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.19 and traded as high as C$20.16. First Capital Real Estate Investment Trust shares last traded at C$20.05, with a volume of 474,266 shares changing hands.

Wall Street Analyst Weigh In

Separately, National Bankshares boosted their target price on First Capital Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, First Capital Real Estate Investment Trust currently has an average rating of “Buy” and a consensus price target of C$21.90.

First Capital Real Estate Investment Trust Stock Performance

The company’s fifty day simple moving average is C$19.22 and its 200 day simple moving average is C$19.19. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The stock has a market capitalization of C$4.26 billion, a P/E ratio of 17.36, a P/E/G ratio of -2.77 and a beta of 0.99.

About First Capital Real Estate Investment Trust

First Capital owns and operates, acquires, and develops open-air grocery-anchored shopping centres in neighbourhoods with the strongest demographics in Canada.