Royal Bank Of Canada Forecasts Strong Price Appreciation for Plaza Retail REIT (TSE:PLZ.UN) Stock

Plaza Retail REIT (TSE:PLZ.UN) had its target price upped by stock analysts at Royal Bank Of Canada from C$4.50 to C$4.75 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 6.50% from the stock’s current price.

Plaza Retail REIT Price Performance

Shares of PLZ.UN opened at C$4.46 on Wednesday. The business has a 50-day moving average of C$4.30 and a 200-day moving average of C$4.20. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. The company has a market capitalization of C$492.54 million, a price-to-earnings ratio of 12.68 and a beta of 0.62. Plaza Retail REIT has a 1 year low of C$3.40 and a 1 year high of C$4.54.

Plaza Retail REIT Company Profile

Plaza Retail REIT is an open-ended real estate investment trust and is a retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza’s portfolio includes interests in approximately 268 properties totaling approximately 8.6 million square feet across Canada and additional lands held for development. Its portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.