CIBC Reaffirms Their Hold Rating on First Capital Realty (FCR)
In a latest note to investors, a research analyst has provided a rating update for the First Capital Realty (FCR). Analyst Dean Wilkinson from CIBC reiterated a Hold rating, with a C$22.50 price target yesterday.
According to TipRanks.com, Wilkinson is ranked #308 out of 5163 analysts.
Currently, the analyst consensus on First Capital Realty is a Moderate Buy with an average price target of C$22.50.
Based on First Capital Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$131 million. In comparison, last year the company had a net profit of C$74.83 million.
First Capital Realty, Inc. owns, develops and manages grocery anchored, retail focused urban properties where people live and shop for everyday life. Its properties include groceries, prescription drugs, personal care items, household supplies, banking and other personal services.
The company’s shares closed on Wednesday at C$21.69, close to its 52-week high of C$21.78.