Granite Real Estate Investment Trust (TSE:GRT.UN) PT Raised to C$95.00 at TD Securities
Granite Real Estate Investment Trust (TSE:GRT.UN – Get Rating) (NASDAQ:GRP.U) had its price objective raised by stock analysts at TD Securities from C$94.00 to C$95.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has an “action list buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 20.48% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on GRT.UN. Raymond James decreased their price objective on shares of Granite Real Estate Investment Trust from C$112.00 to C$98.00 and set an “outperform” rating for the company in a research report on Monday, August 15th. CIBC decreased their price objective on shares of Granite Real Estate Investment Trust from C$98.00 to C$90.00 and set an “outperform” rating for the company in a research report on Friday. National Bankshares reduced their price target on shares of Granite Real Estate Investment Trust from C$90.00 to C$84.00 in a research report on Monday, October 24th. Scotiabank reduced their price target on shares in Granite Real Estate Investment Trust from C$97.00 to C$90.00 in a research report on Friday, October 21st. Finally, Royal Bank of Canada increased their price target on shares of Granite Real Estate Investment Trust from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Granite Real Estate Investment Trust currently has an average rating of “Buy” and a consensus target price of C$96.00.
Granite Real Estate Investment Trust Stock Up 2.8%
TSE GRT.UN traded up C$2.13 during trading hours on Friday, hitting C$78.85. The company had a trading volume of 81,056 shares, compared to its average volume of 172,007. Granite Real Estate Investment Trust has a fifty-two week low of C$63.29 and a fifty-two week high of C$105.79. The company has a market capitalization of C$5.16 billion and a price-to-earnings ratio of 4.68. The company has a debt-to-equity ratio of 48.12, a current ratio of 2.36 and a quick ratio of 1.07. The firm’s 50 day moving average is C$69.94 and its 200 day moving average is C$78.19.
Granite Real Estate Investment Trust Company Profile
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Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.
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