Raymond James Lowers Nexus Industrial REIT (TSE:NXR.UN) Price Target to C$8.50

Nexus Industrial REIT (TSE:NXR.UN) had its price target cut by equities research analysts at Raymond James from C$9.00 to C$8.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 21.08% from the company’s current price.

NXR.UN has been the subject of a number of other reports. Royal Bank of Canada decreased their target price on Nexus Industrial REIT from C$9.00 to C$8.75 and set a “sector perform” rating for the company in a report on Tuesday. CIBC lifted their target price on Nexus Industrial REIT from C$9.00 to C$9.50 in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$8.63.

Nexus Industrial REIT Trading Up 0.9 %

Shares of TSE NXR.UN opened at C$7.02 on Tuesday. The stock has a market capitalization of C$496.59 million, a PE ratio of 2.90 and a beta of 1.51. The stock has a fifty day simple moving average of C$7.42 and a 200-day simple moving average of C$8.00. Nexus Industrial REIT has a twelve month low of C$6.47 and a twelve month high of C$9.15. The company has a current ratio of 0.44, a quick ratio of 0.12 and a debt-to-equity ratio of 129.95.

Nexus Industrial REIT Company Profile

Nexus Industrial REIT is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition, ownership, and management of industrial, office and retail properties.