Artis Real Estate Investment Trust Unit (AX.UN) Price Target Cut to C$13.00 by Analysts at National Bank Financial

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its target price decreased by National Bank Financial from C$13.50 to C$13.00 in a report issued on Thursday morning. National Bank Financial currently has a sector perform rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. TD Securities dropped their price target on Artis Real Estate Investment Trust Unit from C$15.00 to C$14.50 and set a buy rating for the company in a report on Tuesday, August 7th. Canaccord Genuity raised Artis Real Estate Investment Trust Unit from a hold rating to a buy rating and dropped their price target for the company from C$14.25 to C$14.00 in a report on Tuesday, August 7th. Desjardins dropped their price target on Artis Real Estate Investment Trust Unit from C$14.00 to C$13.25 in a report on Tuesday, August 7th. Finally, BMO Capital Markets reaffirmed a market perform rating and set a C$13.50 price target on shares of Artis Real Estate Investment Trust Unit in a report on Thursday, June 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of C$13.89.

AX.UN stock traded up C$0.22 during midday trading on Thursday, reaching C$11.54. 89,930 shares of the company’s stock traded hands, compared to its average volume of 252,057. Artis Real Estate Investment Trust Unit has a 1-year low of C$12.82 and a 1-year high of C$14.42.

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