Granite Real Estate Investment Trust’s (GRT.UN) “Market Perform” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reaffirmed their market perform rating on shares of Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) in a report released on Monday, November 20th. BMO Capital Markets currently has a C$52.00 target price on the stock.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada upped their price objective on Granite Real Estate Investment Trust from C$51.00 to C$52.00 and gave the company a sector perform rating in a research note on Thursday, November 9th. TD Securities upped their price target on Granite Real Estate Investment Trust from C$48.00 to C$49.00 and gave the company a hold rating in a research report on Thursday, November 9th. Scotiabank increased their price objective on Granite Real Estate Investment Trust from C$51.00 to C$52.00 and gave the stock a sector perform rating in a report on Monday, November 13th. Finally, Desjardins increased their price objective on Granite Real Estate Investment Trust from C$51.00 to C$51.50 and gave the stock a hold rating in a report on Monday, September 18th. Five research analysts have rated the stock with a hold rating, Granite Real Estate Investment Trust has a consensus rating of Hold and an average target price of C$51.30.

Granite Real Estate Investment Trust (TSE:GRT.UN) traded up C$0.26 on Monday, hitting C$49.57. The stock had a trading volume of 60,367 shares, compared to its average volume of 57,964. Granite Real Estate Investment Trust has a 12 month low of C$43.25 and a 12 month high of C$52.69.

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Analyst Recommendations for Granite Real Estate Investment Trust (TSE:GRT.UN)

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