Scotiabank Lowers First Capital Realty Inc (FCR) Price Target to C$22.00

First Capital Realty Inc (TSE:FCR) had its price target cut by stock analysts at Scotiabank from C$22.50 to C$22.00 in a report released on Monday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 9.78% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a C$23.00 price objective on shares of First Capital Realty in a research note on Friday, February 17th. TD Securities reduced their price objective on shares of First Capital Realty from C$24.00 to C$23.00 and set a “buy” rating on the stock in a research note on Thursday, February 16th. Finally, CIBC reduced their price objective on shares of First Capital Realty from C$23.00 to C$22.00 in a research note on Thursday, February 16th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$22.93.

Analyst Recommendations for First Capital Realty (TSE:FCR)

Shares of First Capital Realty (TSE:FCR) traded down 0.73% on Monday, hitting $19.68. 205,820 shares of the stock traded hands. The firm’s 50 day moving average is $20.52 and its 200 day moving average is $20.93. The firm has a market capitalization of $4.79 billion and a PE ratio of 12.37. First Capital Realty has a 52 week low of $19.19 and a 52 week high of $23.31.

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About First Capital Realty

First Capital Realty Inc (FCR) is engaged in the business of acquiring, developing, redeveloping, owning and managing urban retail-centered properties. The Company owns, develops and manages grocery anchored, urban properties where people live and shop. The Company operates through three segments: Eastern Region, which includes operations primarily in Quebec and Ottawa; Central Region, which includes the Company’s Ontario operations excluding Ottawa; and Western Region, which includes operations in Alberta and British Columbia.

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