Canaccord Genuity Downgrades Northern Property REIT to Hold (NPR.UN)
Northern Property REIT (TSE:NPR.UN) was downgraded by stock analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a report issued on Wednesday, AnalystRatingsNetwork reports. They currently have a C$28.80 price objective on the stock, down from their previous price objective of C$32.00.
A number of other firms have also recently commented on NPR.UN. Analysts at RBC Capital cut their price target on shares of Northern Property REIT (TSE:NPR.UN) from C$34.00 to C$31.00 in a research note to investors on Friday, August 16th. Separately, analysts at CIBC upgraded shares of Northern Property REIT (TSE:NPR.UN) from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday, August 15th. Finally, analysts at TD Securities cut their price target on shares of Northern Property REIT (TSE:NPR.UN) from C$35.00 to C$32.00 in a research note to investors on Thursday, August 15th. They now have an “above average” rating on the stock.
Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$31.56.
Northern Property Real Estate Investment Trust (TSE:NPR) is open-ended real estate investment trust that invests in, and owns a portfolio of residential and commercial income producing properties.
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