Crombie Real Estate Investment Trust (TSE:CRR.UN) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$15.75.

Several research analysts have issued reports on the company. Raymond James lowered Crombie Real Estate Investment Trust from an “outperform” rating to a “market perform” rating in a report on Friday, June 7th. Desjardins upgraded Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$16.00 price target on the stock in a report on Monday, May 13th. Royal Bank of Canada increased their price target on Crombie Real Estate Investment Trust from C$14.50 to C$15.50 and gave the stock a “sector perform” rating in a report on Monday, May 13th. TD Securities increased their price target on Crombie Real Estate Investment Trust from C$15.50 to C$16.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Canaccord Genuity increased their price target on Crombie Real Estate Investment Trust from C$15.25 to C$15.50 in a report on Friday, May 10th.

TSE:CRR.UN traded up C$0.06 on Friday, hitting C$15.29. The stock had a trading volume of 61,394 shares, compared to its average volume of 186,519. The firm has a market cap of $1.36 billion and a P/E ratio of 20.20. The company has a debt-to-equity ratio of 169.00, a quick ratio of 0.03 and a current ratio of 0.06. Crombie Real Estate Investment Trust has a 52 week low of C$12.56 and a 52 week high of C$14.91.

About Crombie Real Estate Investment Trust

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.

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

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