Brokerages Set Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) Target Price at $48.68

Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF) has received a consensus recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $48.68.

Several equities analysts recently weighed in on BOWFF shares. Canaccord Genuity raised their target price on shares of Boardwalk Real Estate Investment Trust from C$40.00 to C$45.00 and gave the company a “hold” rating in a research note on Tuesday, July 6th. Desjardins lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$46.00 to C$47.00 and gave the stock a “buy” rating in a research report on Thursday, July 8th. Scotiabank lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$43.50 to C$51.25 and gave the stock a “sector perform” rating in a research report on Monday, August 16th. National Bank Financial lifted their price objective on shares of Boardwalk Real Estate Investment Trust from C$46.50 to C$51.50 and gave the stock an “outperform” rating in a research report on Monday, July 19th. Finally, Royal Bank of Canada lifted their price objective on shares of Boardwalk Real Estate Investment Trust from $44.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, August 16th.

OTCMKTS:BOWFF opened at $38.16 on Wednesday. Boardwalk Real Estate Investment Trust has a 1-year low of $19.57 and a 1-year high of $40.00. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $37.01 and a 200 day simple moving average of $33.42. The stock has a market capitalization of $1.78 billion, a PE ratio of -16.45 and a beta of 1.50.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust engages in the acquisition, refurbishment, management, ownership, and development of multi-family residential communities. It offers residential units located in Alberta, Saskatchewan, Ontario, and Quebec. The company was founded by Sam Kolias and Van Kolias in 1984 and is headquartered in Calgary, Canada.

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Analyst Recommendations for Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF)

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