Canadian REIT (REF.UN) PT Lowered to C$48.00 at National Bank Financial

Canadian REIT (TSE:REF.UN) had its target price lowered by equities research analysts at National Bank Financial from C$49.50 to C$48.00 in a research note issued to investors on Tuesday. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s target price suggests a potential upside of 10.24% from the stock’s current price.

Several other research analysts have also recently commented on the company. Raymond James Financial upgraded Canadian REIT from a “market perform” rating to an “outperform” rating and set a C$48.00 price target on the stock in a research note on Thursday, January 11th. Scotiabank cut Canadian REIT from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$52.50 to C$50.00 in a research note on Monday, November 6th.

Canadian REIT (TSE:REF.UN) opened at C$43.54 on Tuesday. Canadian REIT has a one year low of C$42.67 and a one year high of C$50.71. The company has a market capitalization of $3,190.00, a PE ratio of 17.77 and a beta of 0.29.

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Canadian REIT Company Profile

Canadian Real Estate Investment Trust (the Trust) is a real estate investment trust. The Trust’s primary business objective is to accumulate and aggressively manage a portfolio of real estate assets and deliver the benefits of such real estate ownership to its Unitholders. It operates in three segments: retail, industrial and office.

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