Crombie REIT (CRR.UN) Upgraded at Raymond James
Raymond James upgraded shares of Crombie REIT (TSE:CRR.UN) from a market perform rating to an outperform rating in a research report sent to investors on Monday. Raymond James currently has C$14.00 price target on the stock.
Several other equities research analysts also recently commented on CRR.UN. Canaccord Genuity upgraded shares of Crombie REIT from a hold rating to a buy rating in a research note on Friday, February 23rd. National Bank Financial lifted their price objective on shares of Crombie REIT from C$14.25 to C$14.50 and gave the stock a sector perform rating in a research note on Monday, February 26th. Finally, Scotiabank lowered their price objective on shares of Crombie REIT from C$15.00 to C$14.00 and set a sector perform rating for the company in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Crombie REIT currently has a consensus rating of Buy and an average target price of C$14.60.
Shares of CRR.UN opened at C$12.51 on Monday. Crombie REIT has a twelve month low of C$12.56 and a twelve month high of C$14.91.
Crombie Real Estate Investment Trust is a Canada-based unincorporated open-ended real estate investment trust (REIT). The Trust invests in income-producing retail, office and mixed use properties in Canada. It owns and operates primarily retail and office real estate assets located in Canada. It owns a portfolio of over 280 investment properties in 10 provinces, comprising approximately 19.1 million square feet of gross leasable area (GLA).
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