Crombie Real Estate Investment Trust (TSE:CRR.UN) Given New C$17.00 Price Target at National Bankshares

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price target upped by equities researchers at National Bankshares from C$15.25 to C$17.00 in a research report issued on Wednesday, BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 11.99% from the company’s previous close.

CRR.UN has been the topic of several other reports. TD Securities boosted their target price 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. Raymond James increased their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research report on Friday, September 6th. Finally, Canaccord Genuity Group upped their price target on shares of 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$15.83.

Crombie Real Estate Investment Trust Stock Performance

Shares of Crombie Real Estate Investment Trust stock traded up C$0.05 on Wednesday, reaching C$15.18. 122,716 shares of the company traded hands, compared to its average volume of 174,505. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. The firm has a market capitalization of C$1.64 billion, a PE ratio of -54.14 and a beta of 0.94. The company has a 50 day moving average of C$14.82 and a 200 day moving average of C$13.66. Crombie Real Estate Investment Trust has a 52 week low of C$11.81 and a 52 week high of C$16.22.

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.