Crombie Real Estate Investment Trust (CRR.UN) Rating Reiterated by Raymond James

Crombie Real Estate Investment Trust (TSE:CRR.UN)‘s stock had its “outperform” rating restated by investment analysts at Raymond James in a research note issued to investors on Tuesday, AnalystRatings.com reports. They presently have a C$15.00 price target on the stock. Raymond James’ price target suggests a potential downside of 0.33% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and set a C$14.00 price objective on shares of Crombie Real Estate Investment Trust in a research note on Monday, February 11th. TD Securities increased their price objective on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. National Bank Financial increased their price objective on shares of Crombie Real Estate Investment Trust from C$15.00 to C$15.50 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Royal Bank of Canada increased their price objective on shares of Crombie Real Estate Investment Trust from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research note on Monday, March 4th. Finally, Canaccord Genuity increased their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$15.50 in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$15.64.

CRR.UN stock opened at C$15.05 on Tuesday. The company has a debt-to-equity ratio of 169.00, a quick ratio of 0.03 and a current ratio of 0.06. Crombie Real Estate Investment Trust has a 52 week low of C$12.56 and a 52 week high of C$14.91. The stock has a market capitalization of $1.35 billion and a P/E ratio of 19.88.

Crombie Real Estate Investment Trust Company Profile

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.

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Analyst Recommendations for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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