Desjardins Raises Inovalis Real Estate Investment Trust (TSE:INO.UN) Price Target to C$1.00

Inovalis Real Estate Investment Trust (TSE:INO.UN) had its target price hoisted by equities researchers at Desjardins from C$0.85 to C$1.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price objective would indicate a potential upside of 19.05% from the company’s current price.

Inovalis Real Estate Investment Trust Trading Down 5.6 %

Inovalis Real Estate Investment Trust stock opened at C$0.84 on Thursday. Inovalis Real Estate Investment Trust has a 52-week low of C$0.76 and a 52-week high of C$1.46. The company has a market cap of C$27.38 million, a P/E ratio of -0.40 and a beta of 1.78. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 100.22. The business has a 50-day simple moving average of C$0.93 and a two-hundred day simple moving average of C$0.94.

About Inovalis Real Estate Investment Trust

Inovalis Real Estate Investment Trust is a Canada based open-ended real estate investment trust. The REIT Properties consist of office properties that are used for the rental of office space leased to corporate clients in urban areas. Its properties portfolio includes office rental properties located in France and Germany.