Crombie Real Estate Investment Trust (CRR.UN) Given Consensus Recommendation of “Buy” by Brokerages
Crombie Real Estate Investment Trust (TSE:CRR.UN) has been given an average recommendation of “Buy” by the six brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$14.58.
Separately, National Bank Financial upgraded 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 research report on Wednesday, August 22nd.
CRR.UN traded down C$0.09 during trading on Thursday, hitting C$13.37. 54,277 shares of the company traded hands, compared to its average volume of 186,519. Crombie Real Estate Investment Trust has a one year low of C$12.56 and a one year 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).
Further Reading: Cost of Capital
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