Crombie Real Estate Investment Trust (OTCMKTS:CROMF) Given New C$19.50 Price Target at Desjardins

Crombie Real Estate Investment Trust (OTCMKTS:CROMFGet Rating) had its price objective decreased by analysts at Desjardins from C$20.00 to C$19.50 in a research report issued to clients and investors on Tuesday, The Fly reports.

A number of other research firms have also commented on CROMF. TD Securities lowered their price target on shares of Crombie Real Estate Investment Trust from C$20.00 to C$19.50 in a report on Friday. Canaccord Genuity Group lowered their price objective on shares of Crombie Real Estate Investment Trust from C$19.25 to C$18.50 and set a “hold” rating for the company in a research note on Monday. Finally, Scotiabank dropped their target price on shares of Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a report on Friday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $19.45.

CROMF stock remained flat at $$12.64 during midday trading on Tuesday. Crombie Real Estate Investment Trust has a 12 month low of $12.42 and a 12 month high of $15.05. The business’s fifty day moving average is $14.11 and its 200 day moving average is $14.12.

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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