Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) was upgraded by equities research analysts at Raymond James from an "outperform" rating to a "strong-buy" rating in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a C$16.75 price objective on the stock, down from their previous price objective of C$17.25. Raymond James' target price would suggest a potential upside of 27.28% from the company's previous close.
A number of other analysts also recently commented on CRR.UN. National Bankshares raised their price objective on Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday, October 9th. Canaccord Genuity Group raised their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a "hold" rating in a research report on Monday, September 16th. Finally, BMO Capital Markets boosted their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$16.06.
View Our Latest Report on CRR.UN
Crombie Real Estate Investment Trust Stock Performance
Shares of CRR.UN traded down C$0.01 during trading hours on Monday, reaching C$13.16. 144,629 shares of the company traded hands, compared to its average volume of 168,563. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. The stock's fifty day moving average is C$13.98 and its 200 day moving average is C$14.20. Crombie Real Estate Investment Trust has a 1-year low of C$12.25 and a 1-year high of C$16.22. The stock has a market cap of C$1.42 billion, a P/E ratio of -47.00 and a beta of 0.95.
About Crombie Real Estate Investment Trust
(
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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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