First Capital Realty Inc (FCR) Price Target Cut to C$22.00 by Analysts at CIBC
First Capital Realty Inc (TSE:FCR) had its target price lowered by equities researchers at CIBC from C$23.00 to C$22.00 in a research note issued on Thursday. CIBC’s target price would suggest a potential upside of 6.95% from the company’s previous close.
Several other equities research analysts have also weighed in on FCR. Scotiabank reiterated a “sector perform” rating and issued a C$23.00 price objective on shares of First Capital Realty in a research note on Thursday, November 10th. TD Securities reiterated a “buy” rating and issued a C$25.00 price objective on shares of First Capital Realty in a research note on Friday, November 11th. Finally, National Bank Financial lowered their price objective on First Capital Realty from C$24.25 to C$23.50 and set an “outperform” rating on the stock in a research note on Monday, November 14th.
Shares of First Capital Realty (TSE:FCR) traded down 0.68% during trading on Thursday, hitting $20.43. The company had a trading volume of 263,969 shares. The stock has a market cap of $4.99 billion and a PE ratio of 12.85. First Capital Realty has a 12-month low of $18.89 and a 12-month high of $23.31. The firm has a 50 day moving average of $20.93 and a 200 day moving average of $21.39.
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About First Capital Realty
First Capital Realty Inc (FCR) is a Canada-based company, which is engages in the business of acquiring, developing, redeveloping, owning and managing urban retail-centered properties. The Company owns, develops and manages of grocery anchored, urban properties where people live and shop. The Company has three operating segments: Eastern, which includes operations primarily in Quebec and Ottawa; Central, which includes the Company’s Ontario operations excluding Ottawa; and Western, which includes operations in Alberta and British Columbia.
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