Cominar REIT (CUF.UN) Given New C$15.00 Price Target at Desjardins

Cominar REIT (TSE:CUF.UN) had its target price boosted by equities researchers at Desjardins from C$14.00 to C$15.00 in a note issued to investors on Tuesday, January 9th. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Desjardins’ price objective suggests a potential upside of 6.76% from the stock’s previous close.

CUF.UN has been the topic of a number of other reports. National Bank Financial decreased their target price on Cominar REIT from C$15.25 to C$15.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. Laurentian set a C$14.50 price target on Cominar REIT and gave the company a “buy” rating in a report on Wednesday, September 27th. TD Securities lifted their price target on Cominar REIT from C$14.50 to C$15.00 and gave the company a “buy” rating in a report on Monday, November 13th. Canaccord Genuity reissued a “hold” rating and set a C$14.25 price objective on shares of Cominar REIT in a research report on Sunday, November 12th. Finally, Royal Bank of Canada lifted their price objective on Cominar REIT from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a research report on Wednesday, December 20th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$14.70.

Shares of Cominar REIT (CUF.UN) traded down C$0.23 during trading on Tuesday, reaching C$14.05. The company’s stock had a trading volume of 663,335 shares, compared to its average volume of 446,300. Cominar REIT has a 52-week low of C$11.84 and a 52-week high of C$15.06. The company has a market cap of $2,600.00, a P/E ratio of 11.91 and a beta of 0.39.

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Cominar REIT Company Profile

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.

Analyst Recommendations for Cominar REIT (TSE:CUF.UN)

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