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Slate Grocery REIT (SGR.UN) Stock Forecast & Price Target

C$12.12
+0.34 (+2.89%)
(As of 04:28 PM ET)

Slate Grocery 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

Based on 4 Wall Street analysts who have issued ratings for Slate Grocery REIT in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 4 have given a hold rating for SGR.UN.

Consensus Price Target

C$9.13
-24.71% Downside
High ForecastC$9.50
Average ForecastC$9.13
Low ForecastC$9.00

According to the 4 analysts' twelve-month price targets for Slate Grocery REIT, the average price target is C$9.13. The highest price target for SGR.UN is C$9.50, while the lowest price target for SGR.UN is C$9.00. The average price target represents a forecasted downside of -24.71% from the current price of C$12.12.

TypeCurrent Forecast
7/23/23 to 7/22/24
1 Month Ago
6/23/23 to 6/22/24
3 Months Ago
4/24/23 to 4/23/24
1 Year Ago
7/23/22 to 7/23/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$9.13C$9.13C$10.63C$11.25
Forecasted Upside-24.71% Downside-17.36% Downside-17.28% Downside-15.97% Downside
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SGR.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.
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SGR.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.
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Slate Grocery REIT Stock vs. The Competition

TypeSlate Grocery REITReal Estate Companies
Consensus Rating Score
2.00
2.48
Consensus RatingHoldHold
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/6/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetSector PerformC$9.50 ➝ C$9.00-18.03%
5/2/2024CIBC
3 of 5 stars
 Lower TargetNeutralC$9.75 ➝ C$9.50-14.41%
5/2/2024Scotiabank
5 of 5 stars
 Lower TargetSector PerformC$9.50 ➝ C$9.00-18.92%
4/24/2024Raymond James
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 Lower TargetMarket PerformC$10.00 ➝ C$9.00-18.11%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:56 PM ET.

SGR.UN Forecast - Frequently Asked Questions

What is Slate Grocery REIT's forecast for 2024?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Slate Grocery REIT is C$9.13, with a high forecast of C$9.50 and a low forecast of C$9.00.

Should I buy or sell Slate Grocery REIT stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Slate Grocery REIT in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SGR.UN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SGR.UN, but not buy additional shares or sell existing shares.

Does Slate Grocery REIT's stock price have much downside?

According to analysts, Slate Grocery REIT's stock has a predicted downside of -17.36% based on their 12-month stock forecasts.

What analysts cover Slate Grocery REIT?

Slate Grocery REIT has been rated by research analysts at CIBC, Raymond James, Royal Bank of Canada, and Scotiabank in the past 90 days.

Do Wall Street analysts like Slate Grocery REIT more than its competitors?

Analysts like Slate Grocery REIT less than other "real estate" companies. The consensus rating score for Slate Grocery REIT is 2.00 while the average consensus rating score for "real estate" companies is 2.48. Learn more on how SGR.UN compares to other companies.


This page (TSE:SGR.UN) was last updated on 7/22/2024 by MarketBeat.com Staff

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