Granite Real Estate Investment Trust (TSE:GRT.UN - Get Free Report) NASDAQ: GRP.U had its target price increased by investment analysts at CIBC from C$84.00 to C$85.00 in a research note issued on Friday, BayStreet.CA reports. CIBC's price objective indicates a potential upside of 19.33% from the company's current price.
A number of other equities analysts also recently weighed in on GRT.UN. Desjardins boosted their price target on Granite Real Estate Investment Trust from C$84.00 to C$87.00 and gave the stock a "buy" rating in a research report on Friday, March 1st. Royal Bank of Canada upped their target price on Granite Real Estate Investment Trust from C$86.00 to C$89.00 and gave the company an "outperform" rating in a research report on Friday, March 1st. BMO Capital Markets lifted their target price on Granite Real Estate Investment Trust from C$81.00 to C$84.00 in a report on Monday, March 4th. National Bankshares decreased their target price on shares of Granite Real Estate Investment Trust from C$87.00 to C$85.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 24th. Finally, Laurentian lifted their price target on shares of Granite Real Estate Investment Trust from C$80.00 to C$90.00 and gave the company a "buy" rating in a research report on Monday, January 22nd. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$87.70.
View Our Latest Research Report on Granite Real Estate Investment Trust
Granite Real Estate Investment Trust Stock Up 0.2 %
Shares of GRT.UN stock traded up C$0.11 during trading on Friday, reaching C$71.23. The company's stock had a trading volume of 54,484 shares, compared to its average volume of 85,406. The company has a quick ratio of 1.61, a current ratio of 0.45 and a debt-to-equity ratio of 58.04. Granite Real Estate Investment Trust has a one year low of C$62.72 and a one year high of C$83.90. The business has a fifty day moving average price of C$73.26 and a 200-day moving average price of C$72.87. The company has a market cap of C$4.49 billion, a price-to-earnings ratio of 20.95 and a beta of 1.14.
Granite Real Estate Investment Trust Company Profile
(
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Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.
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