First Capital Real Estate Investment Trust (TSE:FCR.UN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of First Capital Real Estate Investment Trust (TSE:FCR.UN) have earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$20.11.

A number of equities analysts recently commented on the stock. Scotiabank lifted their target price on shares of First Capital Real Estate Investment Trust from C$17.50 to C$18.75 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group boosted their target price on First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Raymond James set a C$20.50 price target on First Capital Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Friday, October 18th. TD Securities boosted their price objective on First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada raised their target price on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

First Capital Real Estate Investment Trust Trading Up 0.8 %

FCR.UN stock opened at C$17.84 on Thursday. The company has a market capitalization of C$3.79 billion, a PE ratio of -61.52, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. First Capital Real Estate Investment Trust has a one year low of C$13.61 and a one year high of C$18.98. The company’s 50 day moving average price is C$18.11 and its two-hundred day moving average price is C$16.55.

About First Capital Real Estate Investment Trust

First Capital Real Estate Investment Trust (First Capital, RCF or the Fund) is an unincorporated open-end mutual fund governed by the laws of the Province of Ontario, Canada, and established pursuant to a declaration of trust dated October 16, 2019, which may be amended from time to time (the Declaration of Trust).