Crombie Real Estate Investment Trust (TSE:CRR.UN) PT Raised to C$16.00 at BMO Capital Markets

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price target raised by stock analysts at BMO Capital Markets from C$15.00 to C$16.00 in a research report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 4.58% from the stock’s previous close.

Several other brokerages also recently issued reports on CRR.UN. Canaccord Genuity Group lifted their price objective on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a research report on Monday, September 16th. TD Securities upped their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. National Bankshares increased their price objective on shares of Crombie Real Estate Investment Trust from C$15.25 to C$17.00 in a report on Wednesday, October 9th. Finally, Raymond James boosted their target price on shares of Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a research note on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$15.94.

Crombie Real Estate Investment Trust Price Performance

Shares of Crombie Real Estate Investment Trust stock opened at C$15.30 on Monday. Crombie Real Estate Investment Trust has a 1-year low of C$11.91 and a 1-year high of C$16.22. The firm’s 50-day moving average price is C$15.19 and its two-hundred day moving average price is C$13.78. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87. The stock has a market capitalization of C$1.65 billion, a price-to-earnings ratio of -54.64 and a beta of 0.95.

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.