Cominar REIT (TSE:CUF.UN) has earned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$14.58.
Several brokerages recently issued reports on CUF.UN. Desjardins increased their price objective on Cominar REIT from C$14.00 to C$15.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Scotiabank increased their price objective on Cominar REIT from C$14.25 to C$14.50 and gave the stock a “sector perform” rating in a research note on Tuesday, December 19th. Royal Bank of Canada increased their price objective on Cominar REIT from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research note on Wednesday, December 20th. National Bank Financial reissued an “outperform” rating and issued a C$15.75 price objective on shares of Cominar REIT in a research note on Wednesday, December 20th. Finally, TD Securities downgraded Cominar REIT from a “buy” rating to a “hold” rating and set a C$15.00 price objective for the company. in a research note on Thursday, December 21st.
Shares of TSE CUF.UN traded down C$0.05 during mid-day trading on Monday, hitting C$13.13. 194,740 shares of the company traded hands, compared to its average volume of 508,252. Cominar REIT has a 1 year low of C$11.84 and a 1 year high of C$14.95.
Cominar REIT Company Profile
Cominar REIT is a Canada-based real estate investment trust (REIT). The Company is a commercial property owner and manager in the province of Quebec. Its segments include Office, Retail, and Industrial and mixed-use. Its activities include a portfolio of three property types, including office properties, retail properties, and industrial and mixed-use properties located in Canadian provinces.
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