Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) had its target price upped by investment analysts at BMO Capital Markets from C$15.00 to C$16.00 in a note issued to investors on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 4.37% from the stock’s previous close.
Several other research firms have also commented on CRR.UN. Canaccord Genuity Group increased their price target on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a research report on Monday, September 16th. TD Securities increased their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. National Bankshares raised their price target on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. Finally, Raymond James raised their price objective on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Crombie Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus target price of C$15.94.
Read Our Latest Stock Report on CRR.UN
Crombie Real Estate Investment Trust Stock Performance
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.
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