BMO Capital Markets Increases Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target to C$16.00

Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) had its price target increased by stock analysts at BMO Capital Markets from C$15.00 to C$16.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. BMO Capital Markets' target price suggests a potential upside of 4.58% from the company's current price.

Several other research analysts have also weighed in on the stock. Raymond James increased their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. Canaccord Genuity Group increased their target price 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 research note on Monday, September 16th. TD Securities raised their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Finally, National Bankshares raised their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Crombie Real Estate Investment Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of C$15.94.

Crombie Real Estate Investment Trust Trading Up 0.6 %

CRR.UN stock traded up C$0.09 during mid-day trading on Monday, hitting C$15.30. 124,479 shares of the company were exchanged, compared to its average volume of 173,175. 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 firm has a market capitalization of C$1.65 billion, a P/E ratio of -54.64 and a beta of 0.95. The business has a fifty day simple moving average of C$15.16 and a 200-day simple moving average of C$13.77. Crombie Real Estate Investment Trust has a 12-month low of C$11.91 and a 12-month high of C$16.22.

About Crombie Real Estate Investment Trust

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.