Free Trial

Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target Raised to C$93.00

Granite Real Estate Investment Trust logo with Real Estate background

Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U had its price target boosted by analysts at TD Securities from C$91.00 to C$93.00 in a report issued on Friday,BayStreet.CA reports. TD Securities' price objective suggests a potential upside of 23.42% from the company's current price.

GRT.UN has been the subject of several other reports. National Bankshares raised their price objective on Granite Real Estate Investment Trust from C$85.00 to C$93.50 in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of Granite Real Estate Investment Trust from C$84.00 to C$86.00 in a research report on Monday, October 28th. Finally, Raymond James raised their target price on shares of Granite Real Estate Investment Trust from C$90.00 to C$92.00 in a report on Friday, September 6th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$89.50.

Read Our Latest Analysis on GRT.UN

Granite Real Estate Investment Trust Stock Performance

Granite Real Estate Investment Trust stock traded down C$0.04 during trading on Friday, reaching C$75.35. The company had a trading volume of 17,245 shares, compared to its average volume of 82,573. The firm's 50-day simple moving average is C$78.12 and its 200 day simple moving average is C$72.88. Granite Real Estate Investment Trust has a 52 week low of C$63.07 and a 52 week high of C$82.88. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74. The firm has a market capitalization of C$4.73 billion, a price-to-earnings ratio of 20.75 and a beta of 1.18.

Granite Real Estate Investment Trust Company Profile

(Get Free Report)

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 143 investment properties representing approximately 62.9 million square feet of leasable area.

Featured Articles

Analyst Recommendations for Granite Real Estate Investment Trust (TSE:GRT.UN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in Granite Real Estate Investment Trust right now?

Before you consider Granite Real Estate Investment Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Granite Real Estate Investment Trust wasn't on the list.

While Granite Real Estate Investment Trust currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why SoundHound Stock Dip Could Mean Big Gains for 2025 Investors
Nintendo Stock: Buy Before the 2025 Switch Platform Hits!
How to Profit from NVIDIA’s Earnings: Short-Term Trading Guide

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines