Crombie Real Estate Investment Trust (TSE:CRR.UN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Crombie Real Estate Investment Trust (TSE:CRR.UN)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.98 and traded as high as C$15.26. Crombie Real Estate Investment Trust shares last traded at C$15.15, with a volume of 219,844 shares.

Wall Street Analyst Weigh In

CRR.UN has been the topic of a number of recent analyst reports. Raymond James Financial raised their target price on Crombie Real Estate Investment Trust from C$17.00 to C$17.50 and gave the stock a “strong-buy” rating in a report on Tuesday, September 23rd. National Bankshares increased their target price on Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Strong Buy” and an average target price of C$17.25.

Crombie Real Estate Investment Trust Stock Performance

The company has a debt-to-equity ratio of 120.87, a quick ratio of 0.11 and a current ratio of 0.14. The stock’s fifty day moving average price is C$15.17 and its 200-day moving average price is C$14.98. The company has a market capitalization of C$2.82 billion, a P/E ratio of 916.24 and a beta of 0.75.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust is a Canada-based open-end REIT that focuses on the retail industry. The company invests, operates, and develops a portfolio of grocery-store- and drugstore-anchored shopping centres, freestanding stores, offices, and mixed-use developments. The properties are located primarily in Canada’s urban and suburban markets.