Crombie Real Estate Investment Trust’s (CRR.UN) Average Rating Reaffirmed at Raymond James

Raymond James reiterated their average rating on shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) in a research note published on Monday morning. The brokerage currently has a C$14.00 price objective on the stock.

Separately, National Bank Financial upgraded shares of Crombie Real Estate Investment Trust from a sector perform rating to an outperform rating and boosted their target price for the company from C$14.50 to C$15.00 in a research note on Wednesday, August 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Crombie Real Estate Investment Trust currently has an average rating of Hold and a consensus price target of C$14.40.

CRR.UN stock opened at C$12.97 on Monday. Crombie Real Estate Investment Trust has a 12 month low of C$12.56 and a 12 month high of C$14.91.

Crombie Real Estate Investment Trust Company Profile

Crombie Real Estate Investment Trust is a Canada-based unincorporated open-ended real estate investment trust (REIT). The Trust invests in income-producing retail, office and mixed use properties in Canada. It owns and operates primarily retail and office real estate assets located in Canada. It owns a portfolio of over 280 investment properties in 10 provinces, comprising approximately 19.1 million square feet of gross leasable area (GLA).

Further Reading: What is an Initial Public Offering (IPO)?

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

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