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

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price objective boosted by research analysts 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 suggest a potential upside of 11.99% from the stock’s previous close.

CRR.UN has been the topic of several other research reports. Canaccord Genuity Group upped their price objective 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 report on Monday, September 16th. Raymond James upped 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. Finally, TD Securities raised their price objective 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$15.83.

Crombie Real Estate Investment Trust Trading Up 0.3 %

Shares of TSE:CRR.UN traded up C$0.05 during mid-day trading on Wednesday, hitting C$15.18. The company had a trading volume of 122,716 shares, 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. Crombie Real Estate Investment Trust has a one year low of C$11.81 and a one year high of C$16.22. The firm has a fifty day moving average price of C$14.82 and a 200 day moving average price of C$13.66. The company has a market capitalization of C$1.64 billion, a PE ratio of -54.14 and a beta of 0.94.

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.