Crombie Real Estate Investment Trust (TSE:CRR.UN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Crombie Real Estate Investment Trust (TSE:CRR.UN) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.98 and traded as high as C$15.26. Crombie Real Estate Investment Trust shares last traded at C$15.15, with a volume of 219,844 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRR.UN shares. National Bankshares raised their price target 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 Crombie Real Estate Investment Trust from C$17.00 to C$17.50 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Crombie Real Estate Investment Trust presently has a consensus rating of “Strong Buy” and an average price target of C$17.25.

Crombie Real Estate Investment Trust Price Performance

The stock has a fifty day moving average of C$15.17 and a two-hundred day moving average of C$14.98. 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$2.82 billion, a price-to-earnings ratio of 916.24 and a beta of 0.75.

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.