Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) had its target price cut by investment analysts at National Bankshares from C$15.00 to C$14.25 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 9.87% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Scotiabank decreased their price objective on shares of Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. BMO Capital Markets upped their price objective on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Monday, February 26th. Desjardins lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. TD Securities dropped their price target on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research note on Wednesday. Finally, Raymond James set a C$16.00 price objective on shares of Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.42.
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Crombie Real Estate Investment Trust Stock Down 0.8 %
Insider Transactions at Crombie Real Estate Investment Trust
In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels purchased 6,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of C$13.85 per share, for a total transaction of C$90,025.00. Insiders own 0.14% of the company’s stock.
Crombie Real Estate Investment Trust Company Profile
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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