Crombie Real Estate Investment Trust (CRR.UN) Receives Average Recommendation of “Buy” from Analysts

Crombie Real Estate Investment Trust (TSE:CRR.UN) has been given an average recommendation of “Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$15.64.

A number of equities research analysts recently commented on the company. Desjardins raised Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating and set a C$16.00 price objective for the company in a research note on Monday. Royal Bank of Canada lifted their price objective on Crombie Real Estate Investment Trust from C$14.00 to C$14.50 and gave the stock a “sector perform” rating in a research note on Monday, March 4th. TD Securities lifted their price objective on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$14.00 price objective on shares of Crombie Real Estate Investment Trust in a research note on Monday, February 11th. Finally, National Bank Financial boosted their target price on Crombie Real Estate Investment Trust from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, April 17th.

Shares of CRR.UN stock traded up C$0.46 on Monday, reaching C$15.14. 254,894 shares of the stock were exchanged, compared to its average volume of 186,519. The company has a market cap of $1.34 billion and a P/E ratio of 19.99. Crombie Real Estate Investment Trust has a one year low of C$12.56 and a one year high of C$14.91. The company has a quick ratio of 0.03, a current ratio of 0.06 and a debt-to-equity ratio of 169.00.

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.

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

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