Canaccord Genuity Group Boosts First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target to C$20.00

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price objective raised by analysts at Canaccord Genuity Group from C$17.50 to C$20.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 8.87% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Desjardins upped their target price on First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Securities upped their price objective on First Capital Real Estate Investment Trust from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Royal Bank of Canada lifted their target price on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a research report on Friday, August 2nd. CIBC boosted their target price on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Scotiabank raised their price target on shares of First Capital Real Estate Investment Trust from C$17.25 to C$17.50 in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$18.78.

First Capital Real Estate Investment Trust Price Performance

Shares of TSE:FCR.UN traded down C$0.06 during trading on Monday, hitting C$18.37. 175,459 shares of the company were exchanged, compared to its average volume of 346,997. First Capital Real Estate Investment Trust has a 1-year low of C$12.37 and a 1-year high of C$18.44. The company has a market capitalization of C$3.90 billion, a P/E ratio of -63.34, a price-to-earnings-growth ratio of -2.77 and a beta of 1.27. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 112.41. The business’s 50 day moving average is C$16.69 and its 200-day moving average is C$15.71.

About First Capital Real Estate Investment Trust

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.