Granite Real Estate Investment Trust (TSE:GRT.UN) PT Lowered to C$90.00

Granite Real Estate Investment Trust (TSE:GRT.UNGet Rating) (NASDAQ:GRP.U) had its price objective decreased by analysts at CIBC from C$98.00 to C$90.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 14.55% from the stock’s current price.

A number of other research firms also recently weighed in on GRT.UN. National Bankshares cut their price target on Granite Real Estate Investment Trust from C$90.00 to C$84.00 in a research note on Monday, October 24th. Royal Bank of Canada increased their price target on Granite Real Estate Investment Trust from C$99.00 to C$100.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Raymond James cut their price target on Granite Real Estate Investment Trust from C$112.00 to C$98.00 and set an “outperform” rating on the stock in a research note on Monday, August 15th. Scotiabank lowered their price objective on shares of Granite Real Estate Investment Trust from C$97.00 to C$90.00 in a research report on Friday, October 21st. Finally, TD Securities lowered their price objective on shares of Granite Real Estate Investment Trust from C$100.00 to C$94.00 and set an “action list buy” rating for the company in a research report on Thursday, October 20th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Granite Real Estate Investment Trust has an average rating of “Buy” and an average price target of C$96.00.

Granite Real Estate Investment Trust Stock Performance

GRT.UN stock opened at C$78.57 on Friday. The business’s fifty day moving average is C$70.04 and its 200-day moving average is C$77.92. The company has a quick ratio of 1.07, a current ratio of 2.36 and a debt-to-equity ratio of 48.12. The company has a market cap of C$5.14 billion and a P/E ratio of 4.67. Granite Real Estate Investment Trust has a twelve month low of C$63.29 and a twelve month high of C$105.79.

About Granite Real Estate Investment Trust

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Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.

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Analyst Recommendations for Granite Real Estate Investment Trust (TSE:GRT.UN)

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