BMO Capital Markets Lowers Plaza Retail REIT (TSE:PLZ.UN) Price Target to C$5.00

Plaza Retail REIT (TSE:PLZ.UNGet Rating) had its price objective decreased by research analysts at BMO Capital Markets from C$5.25 to C$5.00 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 15.21% from the stock’s current price.

Other equities analysts have also issued research reports about the company. CIBC lowered their price target on Plaza Retail REIT from C$5.00 to C$4.75 and set a “neutral” rating on the stock in a report on Friday, August 5th. Canaccord Genuity Group lifted their price objective on Plaza Retail REIT from C$4.00 to C$4.50 in a report on Monday.

Plaza Retail REIT Stock Performance

TSE PLZ.UN opened at C$4.34 on Wednesday. The company has a quick ratio of 0.06, a current ratio of 0.16 and a debt-to-equity ratio of 137.21. Plaza Retail REIT has a 52-week low of C$3.88 and a 52-week high of C$5.10. The business’s 50-day moving average price is C$4.10 and its 200 day moving average price is C$4.24. The firm has a market cap of C$441.84 million and a P/E ratio of 4.38.

Plaza Retail REIT Company Profile

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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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