First Capital Real Estate Investment Trust (TSE:FCR.UN) Price Target Raised to C$21.00 at CIBC

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its price target boosted by CIBC from C$19.00 to C$21.00 in a research note released on Wednesday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on FCR.UN. Desjardins raised their price target 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. Royal Bank of Canada raised their target price on First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group upped their price target on shares of First Capital Real Estate Investment Trust from C$17.50 to C$20.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Scotiabank increased their price objective 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 report on Wednesday. Finally, TD Securities boosted their target price on shares of First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$20.11.

First Capital Real Estate Investment Trust Price Performance

FCR.UN opened at C$17.58 on Wednesday. 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 company’s 50-day moving average price is C$18.04 and its 200 day moving average price is C$16.31. First Capital Real Estate Investment Trust has a fifty-two week low of C$13.30 and a fifty-two week high of C$18.98. The firm has a market cap of C$3.73 billion, a price-to-earnings ratio of -60.62, a price-to-earnings-growth ratio of -2.77 and a beta of 1.28.

First Capital Real Estate Investment Trust Company Profile

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).