Shares of Crombie Real Estate Investment Trust (OTCMKTS:CROMF – Get Rating) have been given an average recommendation of “Buy” by the ten research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.66.
Several analysts have issued reports on the stock. BMO Capital Markets raised shares of Crombie Real Estate Investment Trust from a “market perform” rating to an “outperform” rating in a research report on Friday, December 17th. TD Securities raised shares of Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 28th. Finally, Canaccord Genuity Group downgraded shares of Crombie Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$19.25 price target for the company. in a research report on Wednesday, April 6th.
OTCMKTS:CROMF traded up $0.25 during trading hours on Wednesday, hitting $14.56. The stock had a trading volume of 100 shares, compared to its average volume of 472. Crombie Real Estate Investment Trust has a 1-year low of $12.85 and a 1-year high of $15.05. The business has a 50 day simple moving average of $14.15 and a two-hundred day simple moving average of $14.18.
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 pharmacy-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada's top urban and suburban markets.
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