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

First Capital Real Estate Investment Trust (TSE:FCR.UN) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$20.11.

A number of brokerages recently issued reports on FCR.UN. BMO Capital Markets lifted their price target on shares of First Capital Real Estate Investment Trust from C$18.50 to C$20.00 in a research note on Monday, October 28th. Scotiabank lifted 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 research report on Wednesday, October 30th. Royal Bank of Canada increased 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 report on Wednesday, October 30th. National Bankshares raised their price target on First Capital Real Estate Investment Trust from C$19.00 to C$20.75 in a research note on Wednesday, October 9th. Finally, TD Securities upped their price objective on First Capital Real Estate Investment Trust from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

First Capital Real Estate Investment Trust Stock Performance

Shares of FCR.UN opened at C$17.09 on Friday. First Capital Real Estate Investment Trust has a 1 year low of C$14.19 and a 1 year high of C$18.98. The stock has a market capitalization of C$3.63 billion, a PE ratio of -58.93, a PEG ratio of -2.77 and a beta of 1.28. The company has a debt-to-equity ratio of 112.41, a quick ratio of 0.07 and a current ratio of 1.22. The stock has a 50-day simple moving average of C$17.49 and a 200-day simple moving average of C$17.19.

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).