National Bank Financial Boosts Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target to C$17.00

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its target price raised by equities researchers at National Bank Financial from C$16.50 to C$17.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 9.75% from the stock’s current price.

Several other research analysts have also commented on CRR.UN. TD Securities raised their price target on Crombie Real Estate Investment Trust from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Canaccord Genuity lifted their target price on Crombie Real Estate Investment Trust from C$15.25 to C$15.50 in a report on Friday, May 10th. Royal Bank of Canada lifted their target price on Crombie Real Estate Investment Trust from C$14.50 to C$15.50 and gave the company a “sector perform” rating in a report on Monday, May 13th. BMO Capital Markets lifted their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 in a report on Tuesday, April 30th. Finally, Raymond James set a C$16.00 target price on Crombie Real Estate Investment Trust and gave the company a “market perform” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Crombie Real Estate Investment Trust currently has an average rating of “Buy” and a consensus target price of C$16.13.

Shares of CRR.UN traded down C$0.11 during midday trading on Friday, hitting C$15.49. 75,253 shares of the stock were exchanged, compared to its average volume of 186,519. Crombie Real Estate Investment Trust has a 52-week low of C$12.31 and a 52-week high of C$16.01. The stock’s fifty day moving average is C$15.49. The firm has a market cap of $1.39 billion and a price-to-earnings ratio of 18.01. The company has a current ratio of 0.04, a quick ratio of 0.02 and a debt-to-equity ratio of 167.89.

Crombie Real Estate Investment Trust Company Profile

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 centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.

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Analyst Recommendations for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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