Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Raised to C$16.00 at Royal Bank of Canada

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price objective hoisted by Royal Bank of Canada from C$15.50 to C$16.00 in a research report released on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other research analysts have also recently commented on CRR.UN. Canaccord Genuity raised their target price on Crombie Real Estate Investment Trust from C$15.25 to C$15.50 in a research note on Friday, May 10th. Desjardins upgraded Crombie Real Estate Investment Trust from a hold rating to a buy rating and set a C$16.00 target price for the company in a research note on Monday, May 13th. CIBC raised their target price on Crombie Real Estate Investment Trust from C$16.00 to C$17.00 in a research note on Friday, August 9th. BMO Capital Markets raised their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 in a research note on Tuesday, April 30th. Finally, National Bank Financial raised their target price on Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the company an outperform rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of C$16.19.

CRR.UN opened at C$15.43 on Monday. The stock has a market cap of $1.38 billion and a PE ratio of 19.61. The company has a quick ratio of 0.01, a current ratio of 0.44 and a debt-to-equity ratio of 158.43. The business has a 50 day moving average of C$15.48 and a 200-day moving average of C$14.72. Crombie Real Estate Investment Trust has a 52 week low of C$12.31 and a 52 week high of C$16.01.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.

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