First Capital Real Estate Investment Trust (TSE:FCR.UN) PT Lowered to C$18.00 at CIBC

First Capital Real Estate Investment Trust (TSE:FCR.UN) had its target price trimmed by CIBC from C$19.00 to C$18.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. National Bankshares cut their target price on shares of First Capital Real Estate Investment Trust from C$17.50 to C$17.25 and set an outperform rating on the stock in a research note on Wednesday, April 24th. BMO Capital Markets increased their price target on First Capital Real Estate Investment Trust from C$17.50 to C$18.50 in a research report on Friday, February 23rd. Scotiabank boosted their price objective on First Capital Real Estate Investment Trust from C$16.50 to C$17.25 and gave the stock a sector perform rating in a research report on Thursday, February 8th. Royal Bank of Canada reduced their target price on shares of First Capital Real Estate Investment Trust from C$19.00 to C$18.00 and set an outperform rating on the stock in a report on Thursday. Finally, TD Securities cut shares of First Capital Real Estate Investment Trust from an action list buy rating to a buy rating and set a C$19.00 price target for the company. in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of C$18.08.

First Capital Real Estate Investment Trust Stock Up 1.0 %

Shares of TSE:FCR.UN opened at C$15.24 on Thursday. The company has a market capitalization of C$3.23 billion, a price-to-earnings ratio of -24.19, a PEG ratio of -2.77 and a beta of 1.25. First Capital Real Estate Investment Trust has a 12-month low of C$12.37 and a 12-month high of C$16.76. The business has a 50-day moving average price of C$15.44 and a 200 day moving average price of C$15.03. The company has a current ratio of 0.81, a quick ratio of 0.07 and a debt-to-equity ratio of 104.33.

About First Capital Real Estate Investment Trust

First Capital Realty Inc acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. The company's property portfolio comprises grocery stores, pharmacies, liquor stores, banks, restaurants, cafes, fitness centers, medical, and childcare facilities. It also offers other professional and personal services.