Crombie Real Estate Investment Trust (TSE:CRR.UN) Given Consensus Rating of “Buy” by Brokerages

Crombie Real Estate Investment Trust (TSE:CRR.UN) has been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$16.19.

Several research firms have issued reports on CRR.UN. Royal Bank of Canada upped their price target on shares of Crombie Real Estate Investment Trust from C$15.50 to C$16.00 and gave the stock a “sector perform” rating in a research report on Monday, August 12th. National Bank Financial upped their price target on shares of Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. BMO Capital Markets upped their price target on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 in a research report on Tuesday, April 30th. TD Securities upped their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, CIBC upped their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$17.00 in a research report on Friday, August 9th.

TSE CRR.UN traded down C$0.01 on Wednesday, hitting C$15.60. 22,447 shares of the stock were exchanged, compared to its average volume of 186,519. The company has a debt-to-equity ratio of 158.43, a current ratio of 0.44 and a quick ratio of 0.01. The business’s fifty day moving average is C$15.53 and its 200 day moving average is C$14.75. Crombie Real Estate Investment Trust has a 52 week low of C$12.31 and a 52 week high of C$16.01. The company has a market capitalization of $1.40 billion and a PE ratio of 19.82.

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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