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

Shares of Crombie Real Estate Investment Trust (OTCMKTS:CROMFGet Rating) have been assigned an average rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $19.44.

A number of analysts have recently issued reports on CROMF shares. Scotiabank cut their target price on shares of Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a research note on Friday, May 13th. Desjardins dropped their price objective on shares of Crombie Real Estate Investment Trust from C$20.00 to C$19.50 in a research note on Tuesday, May 17th. TD Securities dropped their price objective on shares of Crombie Real Estate Investment Trust from C$20.00 to C$19.50 in a research note on Friday, May 13th. Finally, Canaccord Genuity Group dropped 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, May 16th.

OTCMKTS CROMF opened at $13.35 on Thursday. The firm has a 50-day moving average of $13.96 and a 200-day moving average of $14.06. Crombie Real Estate Investment Trust has a 52-week low of $12.42 and a 52-week high of $15.05.

Crombie Real Estate Investment Trust Company Profile (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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