Crombie Real Estate Investment Trust (OTCMKTS:CROMF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Crombie Real Estate Investment Trust (OTCMKTS:CROMFGet Rating) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $19.11.

A number of research analysts recently commented on CROMF shares. Scotiabank decreased their price target on Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a research report on Friday, May 13th. TD Securities decreased their price target on Crombie Real Estate Investment Trust from C$20.00 to C$19.50 in a research report on Friday, May 13th. Desjardins decreased their price target on Crombie Real Estate Investment Trust from C$19.50 to C$18.00 in a research report on Monday, August 15th. Canaccord Genuity Group reduced their price objective on Crombie Real Estate Investment Trust from C$19.25 to C$18.50 and set a “hold” rating on the stock in a research note on Monday, May 16th. Finally, National Bank Financial raised their price objective on Crombie Real Estate Investment Trust from C$17.50 to C$18.00 in a research note on Wednesday, August 17th.

Crombie Real Estate Investment Trust Stock Performance

Shares of OTCMKTS CROMF opened at $12.66 on Friday. Crombie Real Estate Investment Trust has a 52 week low of $11.80 and a 52 week high of $15.05. The stock’s fifty day moving average is $12.55 and its 200 day moving average is $13.34.

Crombie Real Estate Investment Trust Company Profile

(Get Rating)

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets.

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Analyst Recommendations for Crombie Real Estate Investment Trust (OTCMKTS:CROMF)

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