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

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 report released on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other analysts also recently issued reports on FCR.UN. 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 company a “sector perform” rating in a research report on Wednesday. Raymond James set a C$20.50 price target on shares of First Capital Real Estate Investment Trust and gave the company an “outperform” rating in a report on Friday, October 18th. Royal Bank of Canada boosted their price objective on shares of First Capital Real Estate Investment Trust from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday. Desjardins upped their price objective on shares of First Capital Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Canaccord Genuity Group lifted their target price on 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.11.

First Capital Real Estate Investment Trust Price Performance

Shares of TSE FCR.UN opened at C$17.58 on Wednesday. The company has a market capitalization of C$3.73 billion, a price-to-earnings ratio of -60.62, a PEG ratio of -2.77 and a beta of 1.28. 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$13.30 and a 1-year high of C$18.98. The business has a 50-day moving average of C$18.04 and a 200-day moving average of C$16.31.

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).