Crombie Real Estate Investment Trust (TSE:CRR.UN) Price Target Cut to C$14.25

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its target price cut by research analysts at National Bankshares from C$15.00 to C$14.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 11.07% from the stock’s current price.

Several other research analysts also recently commented on the company. Raymond James set a C$16.00 target price on Crombie Real Estate Investment Trust and gave the stock an “outperform” rating in a report on Thursday, March 28th. Scotiabank reduced their target price on Crombie Real Estate Investment Trust from C$16.75 to C$16.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Desjardins boosted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. TD Securities reduced their target price on Crombie Real Estate Investment Trust from C$16.00 to C$15.00 in a report on Wednesday. Finally, BMO Capital Markets upped their price objective on Crombie Real Estate Investment Trust from C$14.50 to C$15.00 in a report on Monday, February 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$15.42.

Crombie Real Estate Investment Trust Stock Down 1.2 %

Shares of CRR.UN opened at C$12.83 on Wednesday. The company has a market capitalization of C$1.37 billion, a P/E ratio of -38.88 and a beta of 0.91. The company has a debt-to-equity ratio of 119.86, a current ratio of 0.15 and a quick ratio of 0.11. Crombie Real Estate Investment Trust has a one year low of C$11.68 and a one year high of C$15.69. The business’s 50 day simple moving average is C$13.65 and its 200-day simple moving average is C$13.44.

Insider Buying and Selling at Crombie Real Estate Investment Trust

In other Crombie Real Estate Investment Trust news, Director Michael Harold Vels bought 6,500 shares of the company’s stock in a transaction on Friday, March 1st. The stock was bought at an average price of C$13.85 per share, for a total transaction of C$90,025.00. Corporate insiders own 0.14% of the company’s stock.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.