Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Raised to C$15.00 at Canaccord Genuity Group

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price objective hoisted by research analysts at Canaccord Genuity Group from C$14.00 to C$15.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential downside of 3.60% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. TD Securities lifted their target price on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Raymond James lifted their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$15.53.

Crombie Real Estate Investment Trust Price Performance

CRR.UN stock opened at C$15.56 on Monday. The firm’s 50-day moving average price is C$14.18 and its two-hundred day moving average price is C$13.48. Crombie Real Estate Investment Trust has a 12-month low of C$11.68 and a 12-month high of C$15.97. The stock has a market capitalization of C$1.68 billion, a price-to-earnings ratio of -55.57 and a beta of 0.94. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.