Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Rating) had its target price raised by stock analysts at National Bankshares from $17.50 to $18.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank’s stock price objective indicates a potential upside of 8.83% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. TD Securities reduced their price objective on shares of Crombie Real Estate Investment Trust from $20.00 to $19.50 and set a “buy” rating on the stock in a research report on Friday, May 13th. CIBC decreased their price objective on shares of Crombie Real Estate Investment Trust from $19.50 to $18.25 in a research report on Monday, June 27th. Finally, Scotiabank reduced their price objective on shares of Crombie Real Estate Investment Trust from $20.25 to $19.75 in a research report on Friday, May 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.08.
Crombie Real Estate Investment Trust stock performance
Shares of Crombie Real Estate Investment Trust stock traded down C$0.11 during mid-day trading on Wednesday, hitting $16.54. 51,340 shares of the company traded hands, compared to its average volume of 184,046. The firm has a market capitalization of $2.93 billion and a price-to-earnings ratio of 18.58. The business has a 50 day moving average of C$16.20 and a two hundred day moving average of C$17.12. Crombie Real Estate Investment Trust has a 12-month low of C$15.21 and a 12-month high of C$19.09. The company has a debt-to-equity ratio of 121.55, a current ratio of 0.12, and a quick ratio of 0.06.
About Crombie Real Estate Investment Trust
(Get rating)
Ad Investment Trends
How high can copper go?
To power the green revolution, the demand for copper continues to grow without end. Prices hit 10-year high; while copper jumped by 79% last year. Some analysts are calling for copper to rise another 50-100%! We may be at the beginning of a copper bull run like we’ve never seen before. How high can copper go?
Crombie Real Estate Investment Trust (“Crombie”) is an unincorporated open-ended real estate investment trust established under the laws of the Province of Ontario and governed by its laws. Crombie is one of the country’s leading national retail property owners with a strategy to own, operate and develop a portfolio of anchored shopping centers of high quality grocery and drug stores, independent stores and predominantly mixed-use developments in Canada’s major urban and suburban markets.
Read more
This instant news alert was created from scientific narrative technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Crombie Real Estate Investment Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top rated research analysts and the stocks they recommend to their clients every day. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Crombie Real Estate Investment Trust wasn’t on the list.
While Crombie Real Estate Investment Trust currently has a “Moderate Buy” rating among analysts, top analysts believe these five stocks are best buys.
View Five Shares Here