Royal Bank of Canada Increases Cominar REIT (TSE:CUF.UN) Price Target to C$16.00

Cominar REIT (TSE:CUF.UN) had its price target raised by Royal Bank of Canada from C$15.50 to C$16.00 in a report issued on Monday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Separately, BMO Capital Markets upped their price target on shares of Cominar REIT from C$13.50 to C$14.00 in a report on Friday, August 9th.

Shares of TSE CUF.UN opened at C$12.39 on Monday. Cominar REIT has a 12-month low of C$10.41 and a 12-month high of C$12.72. The company has a market capitalization of $2.25 billion and a PE ratio of -11.70. The company has a debt-to-equity ratio of 124.07, a current ratio of 0.82 and a quick ratio of 0.26. The firm’s 50-day moving average is C$12.52 and its two-hundred day moving average is C$12.04.

Cominar REIT Company Profile

Cominar is one of the largest diversified real estate investment trust in Canada and is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 415 properties in three different market segments, that is, office properties, retail properties and industrial and flex properties.

Further Reading: What does a hold rating mean?

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