Summit Industrial Income REIT (CVE:SMU.UN) PT Set at C$25.00 by Raymond James

Summit Industrial Income REIT (CVE:SMU.UNGet Rating) has been given a C$25.00 price target by equities research analysts at Raymond James in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada dropped their price target on Summit Industrial Income REIT from C$25.50 to C$25.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 23rd. CIBC decreased their price objective on Summit Industrial Income REIT from C$24.50 to C$24.00 and set a “neutral” rating on the stock in a report on Friday, February 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$23.94.

Summit Industrial Income REIT has a 12 month low of C$5.22 and a 12 month high of C$12.00.

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