Crombie Real Estate Investment Trust (TSE:CRR.UN - Get Free Report) was upgraded by stock analysts at Raymond James Financial from an "outperform" rating to a "strong-buy" rating in a report released on Thursday,BayStreet.CA reports. The firm currently has a C$17.25 target price on the stock. Raymond James Financial's target price would suggest a potential upside of 15.08% from the company's previous close.
Crombie Real Estate Investment Trust Stock Up 1.7%
CRR.UN stock traded up C$0.25 during trading on Thursday, reaching C$14.99. The stock had a trading volume of 95,102 shares, compared to its average volume of 189,728. Crombie Real Estate Investment Trust has a one year low of C$13.01 and a one year high of C$16.22. 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's 50 day moving average is C$14.72 and its two-hundred day moving average is C$14.22. The company has a market capitalization of C$1.62 billion, a price-to-earnings ratio of -53.54 and a beta of 0.95.
Crombie Real Estate Investment Trust Company Profile
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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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