TD Securities Lowers Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target to C$15.00

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its target price dropped by analysts at TD Securities from C$16.00 to C$15.00 in a research note issued on Wednesday, BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 16.91% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Desjardins lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Scotiabank lowered their price target on Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. National Bankshares boosted their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. BMO Capital Markets boosted their price target on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Monday, February 26th. Finally, Raymond James set a C$16.00 price target on Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$15.42.

Crombie Real Estate Investment Trust Trading Down 1.2 %

TSE CRR.UN opened at C$12.83 on Wednesday. The firm has a market cap of C$1.37 billion, a P/E ratio of -38.88 and a beta of 0.91. The company has a debt-to-equity ratio of 119.86, a current ratio of 0.15 and a quick ratio of 0.11. The stock’s 50-day moving average is C$13.65 and its 200-day moving average is C$13.44. Crombie Real Estate Investment Trust has a one year low of C$11.68 and a one year high of C$15.69.

Insider Activity at Crombie Real Estate Investment Trust

In other news, Director Michael Harold Vels acquired 6,500 shares of the business’s stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of C$13.85 per share, with a total value of C$90,025.00. 0.14% of the stock is currently owned by insiders.

About Crombie Real Estate Investment Trust

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 drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.