Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Cut to C$14.25 by Analysts at National Bankshares

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its target price cut by investment analysts at National Bankshares from C$15.00 to C$14.25 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 9.87% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Scotiabank decreased their price objective on shares of Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. BMO Capital Markets upped their price objective on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Monday, February 26th. Desjardins lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. TD Securities dropped their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research note on Wednesday. Finally, Raymond James set a C$16.00 price objective on shares of Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.42.

Crombie Real Estate Investment Trust Stock Down 0.8 %

Shares of TSE CRR.UN traded down C$0.11 during trading hours on Wednesday, hitting C$12.97. The company had a trading volume of 66,646 shares, compared to its average volume of 166,901. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 119.86. The firm’s 50 day moving average is C$13.69 and its 200-day moving average is C$13.45. Crombie Real Estate Investment Trust has a 1-year low of C$11.68 and a 1-year high of C$15.69. The stock has a market capitalization of C$1.39 billion, a P/E ratio of -39.39 and a beta of 0.91.

Insider Transactions at Crombie Real Estate Investment Trust

In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels purchased 6,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of C$13.85 per share, for a total transaction of C$90,025.00. Insiders own 0.14% of the company’s stock.

Crombie Real Estate Investment Trust Company Profile

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.