First Capital Real Estate Investment Trust (TSE:FCR.UN) Given a C$20.50 Price Target at Raymond James

First Capital Real Estate Investment Trust (TSE:FCR.UN) has been given a C$20.50 target price by stock analysts at Raymond James in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 12.08% from the stock’s previous close.

Several other equities research analysts also recently commented on FCR.UN. CIBC upped their target price on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Canaccord Genuity Group boosted their price objective on shares of First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Desjardins increased 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 stock a “buy” rating in a research report on Wednesday, September 4th. Finally, National Bankshares increased their price target on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, First Capital Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of C$19.36.

First Capital Real Estate Investment Trust Price Performance

TSE FCR.UN traded up C$0.17 during trading hours on Friday, reaching C$18.29. 87,558 shares of the company’s stock were exchanged, compared to its average volume of 352,644. The firm has a fifty day moving average of C$17.72 and a 200-day moving average of C$16.13. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. First Capital Real Estate Investment Trust has a one year low of C$12.38 and a one year high of C$18.98. The stock has a market cap of C$3.88 billion, a PE ratio of -63.10, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28.

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).