Granite Real Estate Stock Rating Lowered by Canaccord Genuity (GRT)
Canaccord Genuity cut shares of Granite Real Estate (TSE: GRT) from a buy rating to a hold rating in a research report sent to investors on Thursday morning. The firm currently has $42.00 price target on the stock.
The stock’s 50-day moving average is currently $0..
GRT has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Granite Real Estate from $41.00 to $42.00 in a research note to investors on Thursday. They now have a sector perform rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Granite Real Estate from $42.00 to $43.00 in a research note to investors on Tuesday, December 18th. They now have a buy rating on the stock.
Granite Real Estate Inc., formerly MI Developments Inc., is a real estate company engaged primarily in the acquisition, development, construction, leasing, management and ownership of a industrial rental portfolio of properties in North America and Europe leased primarily to the automotive operating subsidiaries of Magna International Inc.
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