First Capital Realty Inc (FCR) Rating Reiterated by Scotiabank
First Capital Realty Inc (TSE:FCR)‘s stock had its “sector perform” rating reiterated by equities research analysts at Scotiabank in a research report issued on Thursday. They currently have a C$23.00 target price on the stock. Scotiabank’s price target would indicate a potential upside of 15.35% from the company’s current price.
Several other brokerages have also recently issued reports on FCR. CIBC raised their target price on shares of First Capital Realty from C$22.50 to C$23.00 in a report on Thursday, August 18th. TD Securities lifted their price target on shares of First Capital Realty from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Canaccord Genuity lifted their price target on shares of First Capital Realty from C$23.50 to C$25.00 in a research note on Wednesday, July 27th. Finally, National Bank Financial reiterated an “outperform” rating and set a C$24.25 price target on shares of First Capital Realty in a research note on Thursday, August 18th.
First Capital Realty (TSE:FCR) opened at 19.94 on Thursday. The company has a 50-day moving average price of $21.57 and a 200-day moving average price of $21.82. First Capital Realty has a 1-year low of $17.56 and a 1-year high of $23.31. The company has a market cap of $4.78 billion and a PE ratio of 12.97.
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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