Crombie Real Estate Investment Trust (TSE:CRR.UN) PT Raised to C$17.00

Posted by Dante Gardener on Oct 11th, 2024

Crombie Real Estate Investment Trust (TSE:CRR.UN – Get Free Report) had its target price upped by equities researchers at National Bankshares from C$15.25 to C$17.00 in a research note issued on Wednesday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 13.03% from the company’s previous close.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group raised their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a research note on Monday, September 16th. TD Securities raised their price target on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Raymond James raised their price target on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$15.83.

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Crombie Real Estate Investment Trust Stock Down 1.1 %

CRR.UN stock opened at C$15.04 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The business has a 50 day moving average price of C$14.87 and a two-hundred day moving average price of C$13.67. The company has a market cap of C$1.62 billion, a price-to-earnings ratio of -53.71 and a beta of 0.94. Crombie Real Estate Investment Trust has a twelve month low of C$11.81 and a twelve month high of C$16.22.

About Crombie Real Estate Investment Trust

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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.