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 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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