Granite Real Estate Investment Trust (TSE:GRT.UN) PT Raised to C$87.00

Granite Real Estate Investment Trust (TSE:GRT.UNGet Free Report) (NASDAQ:GRP.U) had its price objective boosted by research analysts at National Bankshares from C$83.00 to C$87.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 19.79% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Desjardins reduced their price objective on Granite Real Estate Investment Trust from C$85.00 to C$84.00 and set a “buy” rating for the company in a research note on Monday, November 13th. Scotiabank reduced their price objective on Granite Real Estate Investment Trust from C$91.00 to C$88.00 and set an “outperform” rating for the company in a research note on Thursday, October 19th. Raymond James boosted their price objective on Granite Real Estate Investment Trust from C$90.00 to C$91.00 and gave the company a “strong-buy” rating in a research note on Monday, January 8th. CIBC reduced their price objective on Granite Real Estate Investment Trust from C$93.00 to C$84.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Finally, Royal Bank of Canada reduced their price objective on Granite Real Estate Investment Trust from C$97.00 to C$86.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$88.30.

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Granite Real Estate Investment Trust Stock Performance

TSE GRT.UN opened at C$72.63 on Monday. Granite Real Estate Investment Trust has a 1-year low of C$62.72 and a 1-year high of C$88.58. The company has a market cap of C$4.63 billion, a P/E ratio of -363.15 and a beta of 1.13. The company has a debt-to-equity ratio of 57.90, a current ratio of 0.33 and a quick ratio of 1.61. The stock has a 50-day moving average of C$74.52 and a two-hundred day moving average of C$73.28.

Granite Real Estate Investment Trust Company Profile

(Get Free Report)

Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.

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Analyst Recommendations for Granite Real Estate Investment Trust (TSE:GRT.UN)

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