BMO Capital Markets Upgrades Plaza Retail REIT (TSE:PLZ.UN) to “Buy”

Plaza Retail REIT (TSE:PLZ.UNGet Rating) was upgraded by BMO Capital Markets to a “buy” rating in a research note issued on Monday, TipRanks reports. The brokerage currently has a C$5.65 target price on the stock. BMO Capital Markets’ price objective suggests a potential upside of 22.29% from the company’s current price.

Several other research analysts also recently weighed in on PLZ.UN. Royal Bank of Canada increased their price target on shares of Plaza Retail REIT from C$4.75 to C$5.00 and gave the stock a “sector perform” rating in a research report on Friday, March 4th. CIBC boosted their price target on Plaza Retail REIT from C$4.75 to C$5.00 and gave the company a “neutral” rating in a report on Monday, February 28th.

Shares of TSE PLZ.UN traded down C$0.07 during midday trading on Monday, hitting C$4.62. 49,252 shares of the stock traded hands, compared to its average volume of 66,217. The firm has a market capitalization of C$470.39 million and a P/E ratio of 4.79. Plaza Retail REIT has a one year low of C$3.91 and a one year high of C$5.10. The company has a debt-to-equity ratio of 137.55, a quick ratio of 0.09 and a current ratio of 0.17. The firm has a 50-day moving average of C$4.92 and a two-hundred day moving average of C$4.74.

About Plaza Retail REIT (Get Rating)

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.

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