Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target Raised to C$88.00

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective upped by research analysts at Royal Bank Of Canada from C$86.00 to C$88.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 13.77% from the company’s current price.

A number of other equities research analysts have also recently issued reports on GRT.UN. TD Securities upped their price objective on Granite Real Estate Investment Trust from C$77.00 to C$85.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. CIBC boosted their target price on shares of Granite Real Estate Investment Trust from C$74.00 to C$85.00 in a report on Wednesday, June 11th. Scotiabank increased their price target on shares of Granite Real Estate Investment Trust from C$80.00 to C$85.00 in a research note on Friday, August 8th. Finally, Raymond James Financial lifted their price objective on shares of Granite Real Estate Investment Trust from C$85.00 to C$87.50 in a research report on Friday, August 8th.

Granite Real Estate Investment Trust Stock Performance

GRT.UN opened at C$77.35 on Monday. The business’s 50-day simple moving average is C$71.65 and its 200 day simple moving average is C$68.03. Granite Real Estate Investment Trust has a 52-week low of C$55.25 and a 52-week high of C$82.88. The company has a debt-to-equity ratio of 57.74, a quick ratio of 1.61 and a current ratio of 0.35. The firm has a market capitalization of C$4.85 billion, a PE ratio of 21.31 and a beta of 1.18.

Granite Real Estate Investment Trust Company Profile

Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily industrial properties in North America and Europe. Granite’s portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities.