Canaccord Genuity Group Cuts Crombie Real Estate Investment Trust (OTCMKTS:CROMF) Price Target to C$18.50


Crombie Real Estate Investment Trust (OTCMKTS:CROMF – Get Rating) had its price objective decreased by Canaccord Genuity Group from C$19.25 to C$18.50 in a research report released on Monday morning, The Fly reports. Canaccord Genuity Group currently has a hold rating on the stock.

A number of other research analysts have also recently weighed in on CROMF. TD Securities reduced their target price on Crombie Real Estate Investment Trust from C$20.00 to C$19.50 in a report on Friday. Scotiabank cut their price objective on Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a research report on Friday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of $19.50.

Crombie Real Estate Investment Trust stock remained flat at $12.64 during midday trading on Monday. Crombie Real Estate Investment Trust has a twelve month low of $12.42 and a twelve month high of $15.05. The business’s 50 day simple moving average is $14.14 and its 200-day simple moving average is $14.13.

About Crombie Real Estate Investment Trust (Get Rating)

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 pharmacy-anchored shopping centers, freestanding stores and mixed-use developments primarily in Canada’s top urban and suburban markets. .

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