Scotiabank reiterated their sector perform rating on shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) in a research report released on Friday morning. The firm currently has a C$16.00 price objective on the stock.

Analyst Recommendations for Crombie Real Estate Investment Trust (TSE:CRR.UN)

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity increased their price objective on shares of Crombie Real Estate Investment Trust from C$14.25 to C$15.40 in a research report on Wednesday, July 27th. Desjardins reaffirmed a buy rating and issued a C$16.50 price target on shares of Crombie Real Estate Investment Trust in a research report on Monday, August 8th. TD Securities raised their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$15.50 and gave the company a hold rating in a research report on Friday, August 5th. National Bank Financial reaffirmed an outperform rating and issued a C$15.75 price target on shares of Crombie Real Estate Investment Trust in a research report on Wednesday, June 1st. Finally, BMO Capital Markets raised their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an outperform rating in a research report on Tuesday, August 9th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Crombie Real Estate Investment Trust has an average rating of Hold and an average price target of C$15.87.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust (Crombie) is a Canada-based unincorporated open-ended real estate investment trust (REIT). Crombie invests in income-producing retail, office and mixed use properties in Canada. Crombie focuses on grocery-anchored and drug store-anchored retail properties. Crombie owns a portfolio of over 260 commercial properties in over 10 provinces, including approximately 17.7 million square feet of gross leasable area (GLA).

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