Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Cut to C$14.25

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price objective decreased by analysts at National Bankshares from C$15.00 to C$14.25 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 9.87% from the stock’s current price.

A number of other research firms have also weighed in on CRR.UN. Desjardins raised their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Raymond James set a C$16.00 price target on shares of Crombie Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Thursday, March 28th. BMO Capital Markets boosted their price objective on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research report on Monday, February 26th. Scotiabank reduced their price target on shares of Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Finally, TD Securities lowered their price objective on shares of Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$15.42.

Crombie Real Estate Investment Trust Stock Down 0.8 %

CRR.UN stock traded down C$0.11 during midday trading on Wednesday, reaching C$12.97. 66,646 shares of the company’s stock traded hands, compared to its average volume of 166,901. Crombie Real Estate Investment Trust has a 52 week low of C$11.68 and a 52 week high of C$15.69. The company has a market cap of C$1.39 billion, a price-to-earnings ratio of -39.39 and a beta of 0.91. The firm’s fifty day moving average price is C$13.69 and its 200-day moving average price is C$13.45. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 119.86.

Insider Activity at Crombie Real Estate Investment Trust

In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels acquired 6,500 shares of Crombie Real Estate Investment Trust stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average cost of C$13.85 per share, for a total transaction of C$90,025.00. 0.14% of the stock is currently owned by corporate insiders.

About Crombie Real Estate Investment Trust

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.