TD Securities Trims Crombie Real Estate Investment Trust (TSE:CRR.UN) Target Price to C$15.00

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price target dropped by analysts at TD Securities from C$16.00 to C$15.00 in a report issued on Wednesday, BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 15.47% from the stock’s previous close.

CRR.UN has been the subject of several other research reports. BMO Capital Markets increased their target price on shares of Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a research note on Monday, February 26th. Desjardins increased their target price 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 note on Friday, February 23rd. Raymond James set a C$16.00 price target on shares of Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Scotiabank dropped 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, National Bankshares increased their price target on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$15.42.

Crombie Real Estate Investment Trust Stock Performance

CRR.UN stock traded down C$0.09 during mid-day trading on Wednesday, reaching C$12.99. 67,346 shares of the stock traded hands, compared to its average volume of 166,901. The company has a quick ratio of 0.11, a current ratio of 0.15 and a debt-to-equity ratio of 119.86. Crombie Real Estate Investment Trust has a 52 week low of C$11.68 and a 52 week high of C$15.69. The business has a 50-day moving average of C$13.69 and a two-hundred day moving average of C$13.45. The firm has a market capitalization of C$1.39 billion, a PE ratio of -39.30 and a beta of 0.91.

Insider Activity at Crombie Real Estate Investment Trust

In related news, Director Michael Harold Vels purchased 6,500 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of C$13.85 per share, with a total value of C$90,025.00. 0.14% of the stock is currently owned by company 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.