Canadian REIT (REF.UN) Downgraded by Scotiabank to “Sector Perform”
Canadian REIT (TSE:REF.UN) was downgraded by stock analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday. They presently have a C$50.00 target price on the real estate investment trust’s stock, down from their prior target price of C$52.50. Scotiabank’s price objective suggests a potential upside of 8.53% from the company’s previous close.
Separately, BMO Capital Markets raised shares of Canadian REIT from a “market perform” rating to an “outperform” rating and set a C$52.00 price target for the company in a research report on Tuesday, August 8th.
Canadian REIT (TSE REF.UN) traded down C$0.40 during midday trading on Monday, hitting C$46.07. 175,224 shares of the stock were exchanged, compared to its average volume of 77,203. Canadian REIT has a 1-year low of C$43.83 and a 1-year high of C$50.71.
TRADEMARK VIOLATION WARNING: “Canadian REIT (REF.UN) Downgraded by Scotiabank to “Sector Perform”” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/canadian-reit-ref-un-downgraded-by-scotiabank-to-sector-perform/1683509.html.
About Canadian REIT
Canadian Real Estate Investment Trust (the Trust) is a real estate investment trust. The Trust’s primary business objective is to accumulate and aggressively manage a portfolio of real estate assets and deliver the benefits of such real estate ownership to its Unitholders. It operates in three segments: retail, industrial and office.
Receive News & Ratings for Canadian REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian REIT and related companies with Analyst Ratings Network's FREE daily email newsletter.