Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Crombie Real Estate Investment Trust (TSE:CRR.UN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.95 and traded as high as C$15.18. Crombie Real Estate Investment Trust shares last traded at C$15.05, with a volume of 118,452 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have commented on the company. National Bankshares raised their price objective on Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Raymond James Financial upped their target price on shares of Crombie Real Estate Investment Trust from C$17.00 to C$17.50 and gave the company a “strong-buy” rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of C$17.25.

Crombie Real Estate Investment Trust Trading Down 0.4%

The business’s 50-day moving average is C$15.17 and its two-hundred day moving average is C$14.95. The company has a current ratio of 0.14, a quick ratio of 0.11 and a debt-to-equity ratio of 120.87. The stock has a market capitalization of C$2.78 billion, a PE ratio of 910.19 and a beta of 0.80.

Crombie Real Estate Investment Trust Company Profile

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada’s urban and suburban markets.