First Capital Realty (FCR) Price Target Cut to C$23.00

First Capital Realty (TSE:FCR) had its price objective decreased by equities research analysts at Canaccord Genuity from C$25.00 to C$23.00 in a research note issued on Wednesday. Canaccord Genuity’s price objective would suggest a potential upside of 19.29% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on FCR. TD Securities increased their target price on shares of First Capital Realty from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Scotiabank increased their target price on shares of First Capital Realty from C$22.00 to C$22.50 and gave the stock a “sector perform” rating in a research report on Friday, November 10th.

Shares of First Capital Realty (TSE:FCR) traded down C$0.15 during trading on Wednesday, hitting C$19.28. 310,273 shares of the company were exchanged, compared to its average volume of 369,009. The firm has a market cap of $4,680.00, a PE ratio of 7.73 and a beta of 0.37. First Capital Realty has a 1-year low of C$19.08 and a 1-year high of C$21.38.

In other First Capital Realty news, Director Jodi Shpigel sold 44,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$20.78, for a total value of C$914,320.00.

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First Capital Realty Company Profile

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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