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

First Capital Real Estate Investment Trust (TSE:FCR.UN) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$20.11.

FCR.UN has been the subject of several research analyst reports. Scotiabank lifted their price objective on 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. TD Securities boosted their price target 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 note on Wednesday, October 30th. Desjardins raised their price objective on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their target price on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, CIBC raised their price target on shares of First Capital Real Estate Investment Trust from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

First Capital Real Estate Investment Trust Stock Performance

First Capital Real Estate Investment Trust stock opened at C$17.84 on Thursday. The business has a 50 day moving average of C$18.11 and a 200-day moving average of C$16.55. The company has a debt-to-equity ratio of 112.41, a current ratio of 1.22 and a quick ratio of 0.07. First Capital Real Estate Investment Trust has a 1 year low of C$13.61 and a 1 year high of C$18.98. The company has a market capitalization of C$3.79 billion, a P/E ratio of -61.52, a P/E/G 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).