Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Cut to C$19.50


Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Rating) had its price objective cut by equities researchers at TD Securities from C$20.00 to C$19.50 in a report released on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 16.35% from the company’s current price.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group raised Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research note on Friday, February 25th. National Bankshares set a C$20.00 price objective on shares of Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Tuesday, February 1st. Finally, Scotiabank dropped their price objective on shares of Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a research note on Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Crombie Real Estate Investment Trust currently has an average rating of “Buy” and a consensus target price of C$19.38.

CRR.UN opened at C$16.76 on Friday. The firm has a market cap of C$2.95 billion and a P/E ratio of 17.49. Crombie Real Estate Investment Trust has a 52-week low of C$16.08 and a 52-week high of C$19.09. The company has a debt-to-equity ratio of 141.11, a quick ratio of 0.06 and a current ratio of 0.15. The business’s fifty day moving average is C$17.93 and its 200-day moving average is C$17.88.

In other Crombie Real Estate Investment Trust news, Director Donald Everett Clow sold 25,000 shares of Crombie Real Estate Investment Trust stock in a transaction dated Monday, March 28th. The stock was sold at an average price of C$18.50, for a total transaction of C$462,575.00. Following the transaction, the director now directly owns 125,014 shares of the company’s stock, valued at approximately C$2,313,134.04.

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

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