Shares of Canadian REIT (TSE:REF.UN) have received an average rating of “Buy” from the nine analysts that are presently covering the company. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$50.64.
Several research firms have commented on REF.UN. Royal Bank Of Canada raised their price objective on Canadian REIT from C$53.00 to C$54.00 in a research report on Friday, July 29th. Scotiabank reissued a “sector perform” rating and issued a C$48.50 price objective on shares of Canadian REIT in a research report on Friday, July 29th. National Bank Financial raised their price objective on Canadian REIT from C$49.00 to C$49.50 and gave the company a “sector perform” rating in a research report on Tuesday, August 2nd. TD Securities lifted their target price on Canadian REIT from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, RBC Capital Markets lifted their target price on Canadian REIT from C$53.00 to C$54.00 in a research report on Friday, July 29th.
About Canadian REIT
Canadian Real Estate Investment Trust is a Canada-based real estate investment trust. The Company’s objective is to accumulate and manage a portfolio of real estate assets and to offer the benefits of real estate ownership to its unitholders. It operates through three segments: Retail, Industrial and Office.
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