Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Raised to C$17.00

Key Points

• National Bankshares raised the price target for Crombie Real Estate Investment Trust from C$16.50 to C$17.00, suggesting a potential upside of 13.26% from its current price.
• Raymond James Financial increased their target to C$17.50 and rated the stock as a "strong-buy," while the consensus rating remains "Strong Buy" with a price target of C$16.83.
• Crombie REIT has experienced a trading volume of 69,378 shares recently, with its stock currently priced at C$15.01, reflecting a 12-month high of C$15.88.

Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) had its price objective boosted by investment analysts at National Bankshares from C$16.50 to C$17.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price objective indicates a potential upside of 13.26% from the company's current price.

Separately, Raymond James Financial lifted their price target on shares of Crombie Real Estate Investment Trust from C$17.00 to C$17.50 and gave the company a "strong-buy" rating in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and a consensus price target of C$16.83.

Crombie Real Estate Investment Trust Stock Performance

TSE CRR.UN traded down C$0.07 during trading hours on Wednesday, hitting C$15.01. 69,378 shares of the stock were exchanged, compared to its average volume of 192,403. The stock has a 50-day moving average of C$14.96 and a 200 day moving average of C$14.71. Crombie Real Estate Investment Trust has a 12-month low of C$13.01 and a 12-month high of C$15.88. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The company has a market cap of C$2.79 billion, a price-to-earnings ratio of -788.01 and a beta of 0.82.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada's urban and suburban markets.

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