Artis Real Estate Investment Trust Unit (AX.UN) Price Target Lowered to C$11.50 at CIBC

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its target price dropped by analysts at CIBC from C$13.50 to C$11.50 in a research report issued on Monday. CIBC’s price objective would suggest a potential upside of 11.87% from the company’s previous close.

Other research analysts have also issued reports about the stock. National Bank Financial lowered their target price on shares of Artis Real Estate Investment Trust Unit from C$13.75 to C$13.50 and set a “sector perform” rating on the stock in a research note on Wednesday, August 22nd. Canaccord Genuity upgraded shares of Artis Real Estate Investment Trust Unit from a “hold” rating to a “buy” rating and lowered their target price for the company from C$14.25 to C$14.00 in a research note on Tuesday, August 7th. TD Securities lowered their target price on shares of Artis Real Estate Investment Trust Unit from C$15.00 to C$14.50 and set a “buy” rating on the stock in a research note on Tuesday, August 7th. Royal Bank of Canada upgraded shares of Artis Real Estate Investment Trust Unit from a “sector perform” rating to an “outperform” rating and set a C$14.50 target price on the stock in a research note on Friday. Finally, Desjardins lowered their target price on shares of Artis Real Estate Investment Trust Unit from C$14.00 to C$13.25 in a research note on Tuesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$13.22.

Shares of AX.UN traded up C$0.20 during mid-day trading on Monday, hitting C$10.28. 796,552 shares of the company’s stock were exchanged, compared to its average volume of 252,057. Artis Real Estate Investment Trust Unit has a twelve month low of C$12.82 and a twelve month high of C$14.42.

Recommended Story: Consumer behavior in bull markets

Analyst Recommendations for Artis Real Estate Investment Trust Unit (TSE:AX.UN)

Receive News & Ratings for Artis Real Estate Investment Trust Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artis Real Estate Investment Trust Unit and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply