Investment analysts at Canaccord Genuity reduced their price target on shares of RioCan REIT (TSE:REI.UN) from C$27.75 to C$26.50 in a note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock.
A number of other firms have also recently commented on REI.UN. Analysts at Scotiabank cut their price target on shares of RioCan REIT from C$30.50 to C$28.00 in a research note to investors on Tuesday, July 23rd. Separately, analysts at CIBC cut their price target on shares of RioCan REIT from C$31.00 to C$30.00 in a research note to investors on Thursday, July 4th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital upgraded shares of RioCan REIT from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, July 3rd. They now have a C$31.00 price target on the stock.
Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. RioCan REIT currently has an average rating of “Buy” and a consensus price target of C$29.71.
RioCan Real Estate Investment Trust (TSE:REI) is a closed-end real estate investment trust (REIT).
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