Cominar REIT (TSE:CUF.UN) Price Target Raised to C$17.00 at National Bank Financial

Cominar REIT (TSE:CUF.UN) had its target price upped by National Bank Financial from C$16.00 to C$17.00 in a report released on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

CUF.UN has been the subject of several other reports. CIBC increased their price objective on Cominar REIT from C$14.00 to C$14.50 in a research note on Monday, October 7th. BMO Capital Markets increased their price objective on Cominar REIT from C$14.00 to C$15.50 in a research note on Monday, October 7th. Finally, Royal Bank of Canada increased their price objective on Cominar REIT from C$12.50 to C$14.00 and gave the stock a sector perform rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cominar REIT presently has a consensus rating of Buy and a consensus target price of C$15.70.

Cominar REIT stock traded up C$0.32 during mid-day trading on Monday, hitting C$14.17. 345,782 shares of the company were exchanged, compared to its average volume of 508,252. The company has a quick ratio of 0.39, a current ratio of 1.26 and a debt-to-equity ratio of 122.93. The business has a fifty day moving average of C$13.51 and a 200 day moving average of C$12.62. Cominar REIT has a 1-year low of C$10.41 and a 1-year high of C$14.26. The company has a market capitalization of $2.58 billion and a PE ratio of -12.28.

About Cominar REIT

Cominar is one of the largest diversified real estate investment trust in Canada and is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 415 properties in three different market segments, that is, office properties, retail properties and industrial and flex properties.

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Analyst Recommendations for Cominar REIT (TSE:CUF.UN)

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