TD Securities Lowers Cominar REIT (TSE:CUF.UN) Price Target to C$14.00

Cominar REIT (TSE:CUF.UN) had its price target cut by stock analysts at TD Securities from C$15.00 to C$14.00 in a research note issued to investors on Friday, March 9th. The firm currently has a “hold” rating on the real estate investment trust’s stock. TD Securities’ target price suggests a potential upside of 6.63% from the company’s previous close.

Several other brokerages have also issued reports on CUF.UN. National Bank Financial lifted their price target on Cominar REIT from C$15.75 to C$16.50 and gave the company an “outperform” rating in a report on Friday, March 9th. Desjardins reduced their target price on Cominar REIT from C$15.00 to C$14.25 in a report on Friday, March 9th. Royal Bank of Canada upped their price target on Cominar REIT from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a report on Wednesday, December 20th. Scotiabank upped their price target on Cominar REIT from C$14.25 to C$14.50 and gave the stock a “sector perform” rating in a report on Tuesday, December 19th. Finally, Canaccord Genuity reiterated a “hold” rating and set a C$14.25 price target on shares of Cominar REIT in a report on Sunday, November 12th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Cominar REIT currently has a consensus rating of “Buy” and a consensus price target of C$14.58.

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Cominar REIT stock traded down C$0.05 during midday trading on Friday, hitting C$13.13. The company’s stock had a trading volume of 194,740 shares, compared to its average volume of 508,252. Cominar REIT has a 12 month low of C$11.84 and a 12 month high of C$14.95.

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About Cominar REIT

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.

Analyst Recommendations for Cominar REIT (TSE:CUF.UN)

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