Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U had its price objective lifted by analysts at BMO Capital Markets from C$84.00 to C$86.00 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 12.37% from the company's previous close.
Several other equities analysts have also recently weighed in on the company. National Bankshares lifted their target price on Granite Real Estate Investment Trust from C$85.00 to C$93.50 in a research note on Wednesday, October 9th. Raymond James lifted their target price on Granite Real Estate Investment Trust from C$90.00 to C$92.00 in a research note on Friday, September 6th. Finally, TD Securities lifted their target price on Granite Real Estate Investment Trust from C$87.00 to C$91.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Granite Real Estate Investment Trust has an average rating of "Buy" and a consensus price target of C$89.28.
View Our Latest Stock Report on GRT.UN
Granite Real Estate Investment Trust Stock Up 0.1 %
TSE:GRT.UN traded up C$0.10 on Monday, hitting C$76.53. 75,007 shares of the company's stock traded hands, compared to its average volume of 82,567. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74. Granite Real Estate Investment Trust has a 1 year low of C$62.72 and a 1 year high of C$82.88. The firm has a 50-day moving average price of C$77.64 and a 200-day moving average price of C$72.90. The company has a market cap of C$4.80 billion, a PE ratio of 21.07 and a beta of 1.18.
About Granite Real Estate Investment Trust
(
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
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
