Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Raised to C$16.00 at Royal Bank of Canada

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Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price target boosted by Royal Bank of Canada from C$15.50 to C$16.00 in a research note issued to investors on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts also recently weighed in on the company. TD Securities lifted their target price on Crombie Real Estate Investment Trust from C$16.00 to C$17.00 and gave the company a buy rating in a research report on Friday, August 9th. Desjardins upgraded Crombie Real Estate Investment Trust from a hold rating to a buy rating and set a C$16.00 target price on the stock in a research report on Monday, May 13th. National Bank Financial lifted their target price on Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the company an outperform rating in a research report on Friday, August 9th. BMO Capital Markets lifted their target price on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 in a research report on Tuesday, April 30th. Finally, Canaccord Genuity lifted their target price on Crombie Real Estate Investment Trust from C$15.25 to C$15.50 in a research report on Friday, May 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Crombie Real Estate Investment Trust presently has a consensus rating of Buy and a consensus target price of C$16.19.

TSE CRR.UN opened at C$15.43 on Monday. The company has a market capitalization of $1.38 billion and a PE ratio of 19.61. The company has a debt-to-equity ratio of 158.43, a quick ratio of 0.01 and a current ratio of 0.44. The business’s fifty day moving average is C$15.48 and its 200 day moving average is C$14.72. Crombie Real Estate Investment Trust has a fifty-two week low of C$12.31 and a fifty-two week high of C$16.01.

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.

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Analyst Recommendations for Crombie Real Estate Investment Trust (TSE:CRR.UN)

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