Nexus Industrial REIT (TSE:NXR.UN) Given New C$8.75 Price Target at Royal Bank of Canada

Nexus Industrial REIT (TSE:NXR.UN) had its target price dropped by analysts at Royal Bank of Canada from C$9.00 to C$8.75 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 24.64% from the company’s current price.

Other equities analysts also recently issued reports about the company. CIBC raised their price target on Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Raymond James reduced their price objective on Nexus Industrial REIT from C$9.75 to C$9.00 in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$8.63.

Nexus Industrial REIT Price Performance

Shares of TSE:NXR.UN opened at C$7.02 on Tuesday. Nexus Industrial REIT has a 1-year low of C$6.47 and a 1-year high of C$9.15. The company has a debt-to-equity ratio of 129.95, a current ratio of 0.44 and a quick ratio of 0.12. The business has a fifty day moving average price of C$7.42 and a 200-day moving average price of C$8.00. The company has a market capitalization of C$496.59 million, a PE ratio of 2.90 and a beta of 1.51.

About Nexus Industrial REIT

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office and retail properties.