Crombie Real Estate Investment Trust (TSE:CRR.UN) PT Raised to C$17.00 at National Bankshares

Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) had its target price lifted by research analysts at National Bankshares from C$15.25 to C$17.00 in a research note issued on Wednesday, BayStreet.CA reports. National Bankshares' price target indicates a potential upside of 11.84% from the company's previous close.

Several other research analysts have also commented on the stock. TD Securities upped 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 report on Wednesday, September 4th. Raymond James upped 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. Finally, Canaccord Genuity Group upped their price objective on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a "hold" rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$15.83.

Crombie Real Estate Investment Trust Trading Up 0.5 %

Shares of Crombie Real Estate Investment Trust stock traded up C$0.07 during trading on Wednesday, reaching C$15.20. The company's stock had a trading volume of 173,533 shares, compared to its average volume of 174,765. The firm's 50-day moving average is C$14.82 and its two-hundred day moving average is C$13.66. Crombie Real Estate Investment Trust has a 52-week low of C$11.81 and a 52-week high of C$16.22. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The company has a market cap of C$1.64 billion, a price-to-earnings ratio of -54.36 and a beta of 0.94.

Crombie Real Estate Investment Trust Company Profile

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.