BMO Capital Markets 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 - Get Free Report) had its price objective lifted by investment analysts at BMO Capital Markets from C$18.50 to C$20.00 in a note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets' price objective would suggest a potential upside of 10.38% from the company's current price.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 in a research note on Friday, August 2nd. Desjardins increased their target price 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. TD Securities increased their target price on shares of 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. Canaccord Genuity Group increased their target price 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. Finally, CIBC increased 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 research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, First Capital Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and an average price target of C$19.53.

First Capital Real Estate Investment Trust Trading Up 2.3 %

Shares of TSE FCR.UN traded up C$0.40 on Monday, reaching C$18.12. 305,437 shares of the company traded hands, compared to its average volume of 349,737. First Capital Real Estate Investment Trust has a fifty-two week low of C$12.56 and a fifty-two week high of C$18.98. The company has a 50 day moving average of C$17.94 and a 200 day moving average of C$16.25. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 112.41. The stock has a market capitalization of C$3.85 billion, a PE ratio of -62.48, a P/E/G 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).