Canadian REIT (REF.UN) PT Raised to C$53.00 at National Bank Financial

Canadian REIT (TSE:REF.UN) had its target price boosted by research analysts at National Bank Financial from C$48.00 to C$53.00 in a research note issued to investors on Monday, February 19th. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. National Bank Financial’s price objective suggests a potential upside of 6.66% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial lifted their target price on Canadian REIT from C$48.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Scotiabank cut Canadian REIT from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$52.50 to C$50.00 in a research note on Monday, November 6th.

Shares of Canadian REIT (TSE REF.UN) traded down C$0.22 during trading hours on Monday, reaching C$49.69. The company’s stock had a trading volume of 367,926 shares, compared to its average volume of 220,231. Canadian REIT has a fifty-two week low of C$42.67 and a fifty-two week high of C$52.35. The company has a market cap of $3,650.00, a PE ratio of 14.92 and a beta of 0.15.

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About Canadian REIT

Canadian Real Estate Investment Trust (the Trust) is a real estate investment trust. The Trust’s primary business objective is to accumulate and aggressively manage a portfolio of real estate assets and deliver the benefits of such real estate ownership to its Unitholders. It operates in three segments: retail, industrial and office.

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