RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Given New $18.25 Price Target at Canaccord Genuity

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) had its price target cut by Canaccord Genuity from $19.35 to $18.25 in a research note released on Thursday morning, The Fly reports. The firm currently has a buy rating on the stock.

A number of other research firms have also weighed in on RIOCF. CIBC cut their target price on shares of RioCan Real Estate Investment Trust from $25.00 to $22.00 and set an outperform rating on the stock in a research note on Wednesday, May 6th. BMO Capital Markets lowered shares of RioCan Real Estate Investment Trust from an outperform rating to a market perform rating in a research note on Monday, May 4th. Royal Bank of Canada cut their target price on shares of RioCan Real Estate Investment Trust from $23.00 to $21.00 and set a sector perform rating on the stock in a research note on Monday, May 11th. Finally, Raymond James restated a hold rating on shares of RioCan Real Estate Investment Trust in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $20.42.

RIOCF stock opened at $11.15 on Thursday. The company’s 50 day moving average price is $11.44 and its 200 day moving average price is $14.10. RioCan Real Estate Investment Trust has a fifty-two week low of $8.64 and a fifty-two week high of $21.55.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts with a total enterprise value of approximately $13.2 billion as at December 31, 2018. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work.

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Analyst Recommendations for RioCan Real Estate Investment Trust (OTCMKTS:RIOCF)

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