Plaza Retail REIT (TSE:PLZ.UN) PT Set at C$4.25 by Desjardins

Plaza Retail REIT (TSE:PLZ.UN) has been given a C$4.25 price objective by analysts at Desjardins in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 19.05% from the company’s previous close.

Plaza Retail REIT Price Performance

PLZ.UN stock opened at C$3.57 on Thursday. The company’s 50-day moving average is C$3.61 and its 200-day moving average is C$3.72. The stock has a market capitalization of C$394.02 million, a PE ratio of 35.70 and a beta of 1.08. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. Plaza Retail REIT has a 1 year low of C$3.40 and a 1 year high of C$3.96.

Plaza Retail REIT Company Profile

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.