Raymond James Analysts Give Nexus Real Estate Investment Trust (CVE:NXR.UN) a C$14.50 Price Target

Raymond James set a C$14.50 price target on Nexus Real Estate Investment Trust (CVE:NXR.UN) in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, BMO Capital Markets raised their price target on shares of Nexus Real Estate Investment Trust from C$11.75 to C$13.25 in a report on Monday, August 16th.

CVE NXR.UN opened at C$2.09 on Tuesday. The company has a fifty day simple moving average of C$2.09 and a two-hundred day simple moving average of C$2.31. The stock has a market cap of C$234.68 million and a P/E ratio of 4.33. Nexus Real Estate Investment Trust has a 12-month low of C$1.09 and a 12-month high of C$2.35. The company has a current ratio of 0.65, a quick ratio of 0.42 and a debt-to-equity ratio of 121.75.

Nexus Real Estate Investment Trust Company Profile

Nexus Real Estate Investment Trust (the ÂREITÂ) was established under the laws of Ontario pursuant to its declaration of trust, as amended and restated effective April 28, 2014 and November 28, 2017. The REIT is an open-ended real estate investment trust which owns and operates commercial real estate properties in Western Canada, Ontario, Quebec and Atlantic Canada.

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