Cominar REIT (TSE:CUF.UN) had its target price lowered by equities researchers at Scotiabank from C$14.50 to C$14.25 in a research note issued to investors on Monday. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price would suggest a potential upside of 8.53% from the company’s current price.
A number of other research analysts also recently issued reports on CUF.UN. National Bank Financial boosted their price objective on Cominar REIT from C$15.75 to C$16.50 and gave the company an “outperform” rating in a research note on Friday. Desjardins dropped their price objective on Cominar REIT from C$15.00 to C$14.25 in a research note on Friday. Royal Bank of Canada boosted their price objective on Cominar REIT from C$13.50 to C$14.00 in a research note on Monday, November 13th. Canaccord Genuity reissued a “hold” rating and issued a C$14.25 price objective on shares of Cominar REIT in a research note on Sunday, November 12th. Finally, TD Securities dropped their price objective on Cominar REIT from C$15.00 to C$14.00 and set a “hold” rating on the stock in a research note on Friday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$14.58.
Shares of Cominar REIT (TSE:CUF.UN) traded up C$0.20 during trading hours on Monday, hitting C$13.13. The stock had a trading volume of 554,767 shares, compared to its average volume of 506,867. The firm has a market cap of $2,420.00, a P/E ratio of -6.22 and a beta of 0.41. Cominar REIT has a 12 month low of C$11.84 and a 12 month high of C$14.95.
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Cominar REIT is a Canada-based real estate investment trust (REIT). The Company is a commercial property owner and manager in the province of Quebec. Its segments include Office, Retail, and Industrial and mixed-use. Its activities include a portfolio of three property types, including office properties, retail properties, and industrial and mixed-use properties located in Canadian provinces.
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