Crombie Real Estate Investment Trust (OTCMKTS:CROMF) Given Average Rating of “Moderate Buy” by Analysts
Shares of Crombie Real Estate Investment Trust (OTCMKTS:CROMF – Get Rating) have earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.22.
Several brokerages have recently issued reports on CROMF. Canaccord Genuity Group cut their target price on shares of Crombie Real Estate Investment Trust from C$19.25 to C$18.50 and set a “hold” rating on the stock in a report on Monday, May 16th. TD Securities dropped their price target on Crombie Real Estate Investment Trust from C$20.00 to C$19.50 in a research note on Friday, May 13th. Scotiabank dropped their price target on Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a research note on Friday, May 13th. Desjardins dropped their price target on Crombie Real Estate Investment Trust from C$20.00 to C$19.50 in a research note on Tuesday, May 17th. Finally, National Bank Financial dropped their price target on Crombie Real Estate Investment Trust from C$20.00 to C$17.50 in a research note on Wednesday, July 20th.
Crombie Real Estate Investment Trust Stock Performance
Shares of Crombie Real Estate Investment Trust stock opened at $12.87 on Tuesday. Crombie Real Estate Investment Trust has a 52-week low of $11.80 and a 52-week high of $15.05. The company’s 50-day moving average price is $12.64 and its 200-day moving average price is $13.44.
Crombie Real Estate Investment Trust Company Profile
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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 pharmacy-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada’s top urban and suburban markets .
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