Cominar REIT (TSE:CUF.UN) had its price objective reduced by National Bank Financial from C$16.00 to C$15.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “outperform” rating on the real estate investment trust’s stock. National Bank Financial’s price objective would suggest a potential upside of 28.87% from the stock’s current price.
Other equities research analysts have also issued reports about the company. BMO Capital Markets reissued an “outperform” rating and set a C$14.50 price target on shares of Cominar REIT in a research report on Monday. Royal Bank of Canada dropped their target price on Cominar REIT from C$13.50 to C$12.00 and set a “sector perform” rating on the stock in a research report on Monday, November 12th. TD Securities dropped their target price on Cominar REIT from C$13.50 to C$12.50 in a research report on Monday, November 12th. Finally, Desjardins dropped their target price on Cominar REIT from C$13.50 to C$12.00 in a research report on Monday, November 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cominar REIT currently has an average rating of “Hold” and an average price target of C$13.53.
CUF.UN stock opened at C$11.64 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.36 and a debt-to-equity ratio of 112.30. The company has a market cap of $2.12 billion and a P/E ratio of -4.82. Cominar REIT has a 12-month low of C$11.84 and a 12-month high of C$14.95.
About Cominar REIT
Cominar is the second largest diversified real estate investment trust in Canada and is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 429 properties in three different market segments, that is, office properties, retail properties and industrial and flex properties.
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