Cominar REIT (CUF.UN) Price Target Raised to C$15.00
Cominar REIT (TSE:CUF.UN) had its price objective raised by analysts at Desjardins from C$14.00 to C$15.00 in a note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ price target suggests a potential upside of 3.81% from the stock’s current price.
CUF.UN has been the subject of several other reports. Royal Bank of Canada increased their target price on Cominar REIT from C$13.50 to C$14.00 in a research report on Monday, November 13th. National Bank Financial lowered their price objective on Cominar REIT from C$15.25 to C$15.00 and set an “outperform” rating for the company in a research report on Monday, November 13th. Laurentian set a C$14.50 price objective on Cominar REIT and gave the stock a “buy” rating in a research report on Wednesday, September 27th. TD Securities downgraded Cominar REIT from a “buy” rating to a “hold” rating and set a C$15.00 price objective for the company. in a research report on Thursday, December 21st. Finally, Laurentian Bank of Canada restated a “buy” rating and set a C$14.50 price objective on shares of Cominar REIT in a research report on Wednesday, September 27th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$14.70.
Cominar REIT (TSE CUF.UN) remained flat at $C$14.45 during trading on Tuesday. 507,487 shares of the stock were exchanged, compared to its average volume of 414,226. The stock has a market capitalization of $2,680.00, a P/E ratio of 12.25 and a beta of 0.38. Cominar REIT has a 12-month low of C$11.84 and a 12-month high of C$15.08.
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Cominar REIT is a Canada-based real estate investment trust (REIT). The Company is a commercial property owner and manager in the province of Quebec. Its segments include Office, Retail, and Industrial and mixed-use. Its activities include a portfolio of three property types, including office properties, retail properties, and industrial and mixed-use properties located in Canadian provinces.
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