Crombie Real Estate Investment Trust (OTCMKTS:CROMF) Receives Average Rating of “Buy” from Analysts

Crombie Real Estate Investment Trust (OTCMKTS:CROMFGet Rating) has been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $19.66.

A number of brokerages have commented on CROMF. TD Securities upgraded Crombie Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 28th. Canaccord Genuity Group lowered Crombie Real Estate Investment Trust from a “buy” rating to a “hold” rating and set a C$19.25 price objective for the company. in a research report on Wednesday, April 6th.

Shares of OTCMKTS CROMF opened at $13.70 on Friday. Crombie Real Estate Investment Trust has a one year low of $13.20 and a one year high of $15.05. The business has a 50-day moving average price of $14.29 and a two-hundred day moving average price of $14.20.

About Crombie Real Estate Investment Trust (Get Rating)

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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Analyst Recommendations for Crombie Real Estate Investment Trust (OTCMKTS:CROMF)

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