Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) had its price target reduced by research analysts at TD Securities from C$16.00 to C$15.00 in a research report issued on Wednesday, BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 16.91% from the company’s current price.
Several other analysts have also commented on CRR.UN. BMO Capital Markets raised their target price on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Monday, February 26th. National Bankshares raised their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Scotiabank dropped their target price on Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Desjardins raised their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Raymond James set a C$16.00 target price on Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Crombie Real Estate Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of C$15.42.
Check Out Our Latest Stock Analysis on Crombie Real Estate Investment Trust
Crombie Real Estate Investment Trust Stock Down 1.2 %
Insiders Place Their Bets
In other news, Director Michael Harold Vels bought 6,500 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of C$13.85 per share, for a total transaction of C$90,025.00. 0.14% of the stock is currently owned by company insiders.
Crombie Real Estate Investment Trust Company Profile
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.
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