Cominar REIT (TSE:CUF.UN) PT Raised to C$17.00 at National Bank Financial
Cominar REIT (TSE:CUF.UN) had its target price lifted by investment analysts at National Bank Financial from C$16.00 to C$17.00 in a research report issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. National Bank Financial’s price objective suggests a potential upside of 19.97% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on CUF.UN. BMO Capital Markets upped their price objective on shares of Cominar REIT from C$14.00 to C$15.50 in a research report on Monday, October 7th. CIBC upped their price objective on shares of Cominar REIT from C$14.00 to C$14.50 in a research report on Monday, October 7th. Finally, Royal Bank of Canada upped their price objective on shares of Cominar REIT from C$12.50 to C$14.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$15.70.
TSE CUF.UN traded up C$0.32 during trading hours on Monday, hitting C$14.17. The company had a trading volume of 345,782 shares, compared to its average volume of 508,252. Cominar REIT has a fifty-two week low of C$10.41 and a fifty-two week high of C$14.26. The company has a market capitalization of $2.58 billion and a price-to-earnings ratio of -12.28. The company has a debt-to-equity ratio of 122.93, a current ratio of 1.26 and a quick ratio of 0.39. The firm’s 50 day moving average is C$13.51 and its 200 day moving average is C$12.62.
Cominar is one of the largest diversified real estate investment trust in Canada and is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 415 properties in three different market segments, that is, office properties, retail properties and industrial and flex properties.
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