Granite Real Estate Investment Trust (TSE:GRT.UN) Price Target Increased to C$105.00 by Analysts at CIBC

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price objective upped by stock analysts at CIBC to C$105.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The firm presently has a “na” rating on the stock. CIBC’s price objective would suggest a potential upside of 10.56% from the company’s current price.

A number of other equities research analysts have also recently issued reports on GRT.UN. Royal Bank of Canada boosted their target price on shares of Granite Real Estate Investment Trust from C$87.00 to C$96.00 and gave the company an “outperform” rating in a report on Monday, August 9th. BMO Capital Markets boosted their target price on shares of Granite Real Estate Investment Trust from C$89.00 to C$95.00 in a report on Monday, August 9th. Canaccord Genuity reissued a “buy” rating on shares of Granite Real Estate Investment Trust in a report on Wednesday, September 29th. National Bank Financial boosted their target price on shares of Granite Real Estate Investment Trust to C$105.00 and gave the company an “outperform” rating in a report on Monday, September 20th. Finally, TD Securities boosted their target price on shares of Granite Real Estate Investment Trust from C$101.00 to C$105.00 and gave the company a “na” rating in a report on Friday, October 1st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Granite Real Estate Investment Trust currently has a consensus rating of “Buy” and an average target price of C$101.44.

Shares of TSE:GRT.UN traded down C$0.28 during mid-day trading on Thursday, reaching C$94.97. The company had a trading volume of 36,617 shares, compared to its average volume of 149,038. The company has a current ratio of 6.48, a quick ratio of 6.37 and a debt-to-equity ratio of 43.05. The firm has a market cap of C$6.24 billion and a price-to-earnings ratio of 7.61. The company’s 50-day moving average price is C$90.86 and its 200-day moving average price is C$84.84. Granite Real Estate Investment Trust has a one year low of C$71.66 and a one year high of C$96.38.

Granite Real Estate Investment Trust Company Profile

Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.

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Analyst Recommendations for Granite Real Estate Investment Trust (TSE:GRT.UN)

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