Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Rating Upgraded by BMO Capital Markets

Crombie Real Estate Investment Trust (TSE: CRR.UN) was upgraded to an “outperform” rating by investment analysts at BMO Capital Markets in a research note released on Friday, reports Stock Target Advisor. The company currently has a target price of $ 19.50 on the stock. BMO Capital Markets’ price target indicates a potential upside of 8.09% from the share’s previous closing price.

CRR.UN has been the subject of several other research reports. CIBC raised its price target on shares of Crombie Real Estate Investment Trust from CAD 19.00 to CAD 19.50 and rated the company as “outperform” in a report dated Friday, November 12th. National Bankshares raised its price target for shares of Crombie Real Estate Investment Trust from 19.50 CAD to 20.00 CAD and rated the stock as “outperform” in a research note on Friday, November 12th. The Royal Bank of Canada raised its target price on shares of Crombie Real Estate Investment Trust from CAD 19.00 to CAD 19.50 and valued the stock on Thursday the 18th. TD Securities raised its target price on shares of Crombie Real Estate Investment Trust from CAD 19.00 increased to CAD 19.50 and the stock was rated “Hold” in a research note on Friday, November 12th. Finally, Scotiabank raised its target price on shares of Crombie Real Estate Investment Trust from CAD 19.50 to CAD 20.00 in a research note on Wednesday October 20th. Three research analysts for stocks have given the stock a hold rating and four have given it a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $ 19.31.

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TSE: CRR.UN shares rose $ 0.31 during Friday’s trading hours to hit $ 18.04. The company’s share had a trading volume of 167,014 shares compared to an average volume of 147,204 shares. The Crombie Real Estate Investment Trust has a 52-week low of $ 13.93 and a 52-week high of $ 19.09. The company has a Leverage Ratio of 157.13, a current ratio of 0.32, and a quick ratio of 0.12. The company has a market capitalization of CAD 2.97 billion and a price / earnings ratio of 31.59. The company’s fifty-day moving average price is $ 18.02 and the company’s 200-day moving average price is $ 18.02.

In other Crombie Real Estate Investment Trust news, director John Michael Arthur Knowlton sold 25,000 shares in the company in a transaction that occurred on Tuesday, November 16. The shares were sold at an average price of $ 18.35 for a total transaction of $ 458,757.50. Following the sale, the director now owns 13,500 shares in the company valued at approximately C $ 247,729.05.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust (“Crombie”) is an unregistered, open-ended real estate investment trust incorporated and governed by the laws of the Province of Ontario. Crombie is a leading national retail property rental company in the country with a strategy of owning, operating and developing a portfolio of high quality malls with grocery and drug stores, freestanding stores and mixed use developments, primarily in Canada’s major urban and suburban markets.

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