Royal Bank of Canada Increases Cominar REIT (TSE:CUF.UN) Price Target to C$16.00

Cominar REIT (TSE:CUF.UN) had its target price lifted by Royal Bank of Canada from C$15.50 to C$16.00 in a report issued on Monday, BayStreet.CA reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Separately, BMO Capital Markets lifted their price objective on shares of Cominar REIT from C$13.50 to C$14.00 in a research note on Friday, August 9th.

TSE CUF.UN opened at C$12.39 on Monday. The company has a debt-to-equity ratio of 124.07, a quick ratio of 0.26 and a current ratio of 0.82. The firm has a market cap of $2.25 billion and a PE ratio of -11.70. Cominar REIT has a one year low of C$10.41 and a one year high of C$12.72. The firm’s fifty day moving average is C$12.52 and its two-hundred day moving average is C$12.04.

Cominar REIT Company Profile

Cominar is one of the largest diversified real estate investment trust in Canada and is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 415 properties in three different market segments, that is, office properties, retail properties and industrial and flex properties.

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