Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Rating Upgraded by Raymond James

Crombie Real Estate Investment Trust (TSE:CRR.UN) was upgraded by equities research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report released on Monday,BayStreet.CA reports. The brokerage currently has a C$16.75 price target on the stock, down from their prior price target of C$17.25. Raymond James’ price target would suggest a potential upside of 27.47% from the company’s previous close.

Several other brokerages have also weighed in on CRR.UN. National Bankshares lifted their target price on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a research report on Wednesday, October 9th. Canaccord Genuity Group raised their price objective on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Finally, BMO Capital Markets boosted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 in a report on Monday, October 28th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Crombie Real Estate Investment Trust has a consensus rating of “Buy” and a consensus target price of C$16.06.

Crombie Real Estate Investment Trust Trading Down 0.2 %

Crombie Real Estate Investment Trust stock opened at C$13.14 on Monday. The business’s 50-day simple moving average is C$13.95 and its 200-day simple moving average is C$14.21. Crombie Real Estate Investment Trust has a 52 week low of C$12.25 and a 52 week high of C$16.22. The firm has a market capitalization of C$1.42 billion, a PE ratio of -46.93 and a beta of 0.95. The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14.

Crombie Real Estate Investment Trust Company Profile

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.