Brokerages Set Plaza Retail Reit (PLZ.UN) Price Target at $5.04

Shares of Plaza Retail Reit (TSE:PLZ.UN) have been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$5.04.

Several equities research analysts have issued reports on the stock. Desjardins lowered their price target on shares of Plaza Retail Reit from C$5.25 to C$5.00 and set a “buy” rating on the stock in a research note on Monday, November 13th. Canaccord Genuity lowered their price target on shares of Plaza Retail Reit from C$5.25 to C$5.00 in a research note on Monday, October 30th. BMO Capital Markets lowered their price target on shares of Plaza Retail Reit from C$5.25 to C$5.00 in a research note on Monday, November 20th. Finally, Royal Bank of Canada lowered their price target on shares of Plaza Retail Reit from C$5.00 to C$4.75 and set an “outperform” rating on the stock in a research note on Monday, November 13th.

Plaza Retail Reit (TSE PLZ.UN) traded up C$0.04 on Friday, reaching C$4.29. 52,702 shares of the company traded hands, compared to its average volume of 54,312. Plaza Retail Reit has a 1-year low of C$4.17 and a 1-year high of C$5.18.

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