Crombie Real Estate Investment Trust (OTCMKTS:CROMF) PT Lowered to C$19.50


Crombie Real Estate Investment Trust (OTCMKTS:CROMF – Get Rating) had its target price cut by TD Securities from C$20.00 to C$19.50 in a report issued on Friday, The Fly reports.

Separately, Canaccord Genuity Group cut shares of Crombie Real Estate Investment Trust from a buy rating to a hold rating and set a C$19.25 target price for the company. in a report on Wednesday, April 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $19.58.

CROMF remained flat at $12.64 on Friday. The stock has a 50 day moving average price of $14.14 and a 200 day moving average price of $14.13. Crombie Real Estate Investment Trust has a fifty-two week low of $12.42 and a fifty-two week high of $15.05.

Crombie Real Estate Investment Trust Company Profile (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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