First Capital Realty (TSE:FCR.UN) Price Target Cut to C$18.00 by Analysts at Royal Bank of Canada

First Capital Realty (TSE:FCR.UN) had its target price lowered by research analysts at Royal Bank of Canada from C$19.00 to C$18.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 19.13% from the stock’s current price.

Other equities analysts have also issued reports about the company. Scotiabank upped their target price on First Capital Realty from C$16.50 to C$17.25 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. BMO Capital Markets upped their price target on First Capital Realty from C$17.50 to C$18.50 in a research report on Friday, February 23rd. CIBC upped their price target on First Capital Realty from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. TD Securities lowered First Capital Realty from an “action list buy” rating to a “buy” rating and set a C$19.00 price target on the stock. in a research report on Thursday, February 8th. Finally, National Bankshares dropped their price target on First Capital Realty from C$17.50 to C$17.25 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.08.

First Capital Realty Stock Up 1.5 %

Shares of FCR.UN traded up C$0.22 during trading on Thursday, reaching C$15.11. The company’s stock had a trading volume of 76,697 shares, compared to its average volume of 408,107. The company has a fifty day moving average of C$15.49 and a two-hundred day moving average of C$15.01. First Capital Realty has a twelve month low of C$12.37 and a twelve month high of C$16.76. The company has a market cap of C$3.21 billion, a price-to-earnings ratio of -23.98, a P/E/G ratio of -2.77 and a beta of 1.25. The company has a quick ratio of 0.07, a current ratio of 0.81 and a debt-to-equity ratio of 104.33.

About First Capital Realty

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.