Summit Industrial Income REIT (CVE:SMU.UN) received a C$13.00 target price from analysts at National Bank Financial in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock.
Several other equities research analysts also recently weighed in on SMU.UN. Desjardins set a C$12.50 target price on shares of Summit Industrial Income REIT in a research note on Thursday, May 9th. BMO Capital Markets increased their target price on shares of Summit Industrial Income REIT from C$11.50 to C$13.00 in a research note on Tuesday, May 14th. CIBC increased their target price on shares of Summit Industrial Income REIT from C$13.00 to C$13.25 in a research note on Friday. Finally, Royal Bank of Canada increased their target price on shares of Summit Industrial Income REIT from C$12.50 to C$13.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 25th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$12.11.
Summit Industrial Income REIT has a 12-month low of C$5.22 and a 12-month high of C$12.00.
See Also: Inflation
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