Crombie Real Estate Investment Trust (TSE:CRR.UN) has been assigned an average rating of “Buy” from the six analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$14.58.
Separately, National Bank Financial raised shares of Crombie Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$14.50 to C$15.00 in a report on Wednesday, August 22nd.
Shares of TSE:CRR.UN traded up C$0.17 during trading on Friday, hitting C$12.93. 22,000 shares of the stock traded hands, compared to its average volume of 186,519. Crombie Real Estate Investment Trust has a 52-week low of C$12.56 and a 52-week high of C$14.91.
Crombie Real Estate Investment Trust is a Canada-based unincorporated open-ended real estate investment trust (REIT). The Trust invests in income-producing retail, office and mixed use properties in Canada. It owns and operates primarily retail and office real estate assets located in Canada. It owns a portfolio of over 280 investment properties in 10 provinces, comprising approximately 19.1 million square feet of gross leasable area (GLA).
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