Nexus Industrial REIT (NXR.UN) Stock Forecast & Price Target

C$7.89

+0.06 (+0.77%)

(As of 07/26/2024 ET)

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

Nexus Industrial REIT - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for Nexus Industrial REIT in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 3 have given a hold rating, and 5 have given a buy rating for NXR.UN.

Consensus Price Target

C$8.47
7.38% Upside

High Forecast	C$10.00
Average Forecast	C$8.47
Low Forecast	C$7.50

According to the 8 analysts' twelve-month price targets for Nexus Industrial REIT, the average price target is C$8.47. The highest price target for NXR.UN is C$10.00, while the lowest price target for NXR.UN is C$7.50. The average price target represents a forecasted upside of 7.38% from the current price of C$7.89.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$8.47	C$8.42	C$8.61	C$11.69
Forecasted Upside	7.38% Upside	13.39% Upside	14.30% Upside	35.05% Upside

Get Nexus Industrial REIT Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for NXR.UN and its competitors with MarketBeat's FREE daily newsletter.

Ad Stansberry Research

Get out of cash before the Fed's next meeting

"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."

Click here now to watch this exclusive interview

NXR.UN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NXR.UN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nexus Industrial REIT Stock vs. The Competition

Type	Nexus Industrial REIT	Real Estate Companies
Consensus Rating Score	2.63	2.49
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/18/2024	National Bankshares 1 of 5 stars	Upgrade	Sector Perform ➝ Outperform	C$7.50 ➝ C$8.00	+4.30%
5/16/2024	Desjardins 1 of 5 stars	Lower Target	Buy	C$9.00 ➝ C$8.75	+20.52%
5/16/2024	Royal Bank of Canada 4 of 5 stars	Lower Target	Sector Perform	C$8.50 ➝ C$8.00	+10.19%
5/16/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$9.00 ➝ C$8.50	+17.08%
5/16/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	C$9.75 ➝ C$9.00	+23.97%
5/16/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$9.00 ➝ C$8.50	+17.08%
Get the Latest News and Ratings for NXR.UN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Nexus Industrial REIT and its competitors with MarketBeat's FREE daily newsletter.
4/24/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$8.00 ➝ C$7.50	+4.75%
3/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$8.50 ➝ C$8.00	+6.52%
1/22/2024	Laurentian Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Buy	C$10.00	+18.20%
11/16/2022	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$11.75 ➝ C$12.00	+474.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:15 AM ET.

NXR.UN Forecast - Frequently Asked Questions

What is Nexus Industrial REIT's forecast for 2024?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Nexus Industrial REIT is C$8.47, with a high forecast of C$10.00 and a low forecast of C$7.50.
Should I buy or sell Nexus Industrial REIT stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nexus Industrial REIT in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NXR.UN shares.
Does Nexus Industrial REIT's stock price have much upside?: According to analysts, Nexus Industrial REIT's stock has a predicted upside of 13.22% based on their 12-month stock forecasts.
Has Nexus Industrial REIT been upgraded by Wall Street analysts recently?: Over the previous 90 days, Nexus Industrial REIT's stock had 1 upgrade by analysts.
What analysts cover Nexus Industrial REIT?: Nexus Industrial REIT has been rated by research analysts at CIBC, Desjardins, National Bankshares, Raymond James, Royal Bank of Canada, and Scotiabank in the past 90 days.
Do Wall Street analysts like Nexus Industrial REIT more than its competitors?: Analysts like Nexus Industrial REIT more than other "real estate" companies. The consensus rating for Nexus Industrial REIT is Moderate Buy while the average consensus rating for "real estate" companies is Hold. Learn more on how NXR.UN compares to other companies.