Crombie Real Estate Investment Trust (CRR.UN) Price Target Raised to C$16.00 at TD Securities

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Crombie Real Estate Investment Trust (TSE:CRR.UN) had its target price upped by TD Securities from C$15.50 to C$16.00 in a report released on Friday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the company. Canaccord Genuity increased their target price on Crombie Real Estate Investment Trust from C$15.25 to C$15.50 in a research report on Friday. National Bank Financial increased their target price on Crombie Real Estate Investment Trust from C$15.50 to C$16.50 and gave the stock an outperform rating in a research report on Wednesday, April 17th. BMO Capital Markets raised their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 in a report on Tuesday, April 30th. Royal Bank of Canada raised their price target on Crombie Real Estate Investment Trust from C$14.00 to C$14.50 and gave the company a sector perform rating in a report on Monday, March 4th. Finally, Raymond James raised their price target on Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company an outperform rating in a report on Monday, March 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Crombie Real Estate Investment Trust currently has a consensus rating of Buy and a consensus price target of C$15.42.

Shares of TSE CRR.UN traded up C$0.04 during trading on Friday, hitting C$14.67. The company had a trading volume of 159,580 shares, compared to its average volume of 186,519. The company has a quick ratio of 0.03, a current ratio of 0.06 and a debt-to-equity ratio of 169.00. Crombie Real Estate Investment Trust has a 12 month low of C$12.56 and a 12 month high of C$14.91. The company has a market capitalization of $1.31 billion and a P/E ratio of 19.38.

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.

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