RioCan REIT Price Target Cut to C$24.00 (REI.UN)
Analysts at Canaccord Genuity cut their price objective on shares of RioCan REIT (TSE:REI.UN) from C$26.50 to C$24.00 in a research report issued to clients and investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of RioCan REIT (TSE:REI.UN) from C$30.75 to C$29.00 in a research note to investors on Friday, August 2nd. They now have a “market perform” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of RioCan REIT (TSE:REI.UN) from C$30.50 to C$28.00 in a research note to investors on Tuesday, July 23rd. Finally, analysts at CIBC cut their price target on shares of RioCan REIT (TSE:REI.UN) from C$31.00 to C$30.00 in a research note to investors on Thursday, July 4th. They now have an “outperform” rating on the stock.
Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$29.00.
RioCan Real Estate Investment Trust (TSE:REI) is a closed-end real estate investment trust (REIT).
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