Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Crombie Real Estate Investment Trust (TSE:CRR.UN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.88 and traded as high as C$15.31. Crombie Real Estate Investment Trust shares last traded at C$15.28, with a volume of 93,753 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRR.UN. National Bankshares boosted their price objective on shares of Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Raymond James Financial lifted their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$17.50 and gave the stock a “strong-buy” rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average price target of C$17.25.

Crombie Real Estate Investment Trust Stock Performance

The company has a quick ratio of 0.11, a current ratio of 0.14 and a debt-to-equity ratio of 120.87. The stock has a market cap of C$2.82 billion, a price-to-earnings ratio of 924.10 and a beta of 0.80. The stock’s fifty day moving average is C$15.11 and its 200-day moving average is C$14.88.

Crombie Real Estate Investment Trust Company Profile

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada’s urban and suburban markets.