Crombie Real Estate Investment Trust (TSE:CRR.UN)‘s stock had its “market perform” rating reiterated by investment analysts at Raymond James in a research report issued on Monday, BayStreet.CA reports. They currently have a C$16.25 target price on the stock. Raymond James’ price objective would indicate a potential upside of 2.52% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. CIBC raised their price objective on Crombie Real Estate Investment Trust from C$17.00 to C$17.50 in a research note on Friday, November 8th. National Bank Financial raised their price objective on Crombie Real Estate Investment Trust from C$16.50 to C$17.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Royal Bank of Canada raised their price objective on Crombie Real Estate Investment Trust from C$15.50 to C$16.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. TD Securities raised their price objective on Crombie Real Estate Investment Trust from C$17.00 to C$17.50 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Canaccord Genuity raised their price objective on Crombie Real Estate Investment Trust from C$15.75 to C$16.50 in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$16.47.

Shares of CRR.UN stock traded up C$0.16 during trading on Monday, reaching C$15.85. The company had a trading volume of 88,131 shares, compared to its average volume of 186,519. The firm’s 50 day simple moving average is C$15.94 and its two-hundred day simple moving average is C$15.49. The company has a debt-to-equity ratio of 158.47, a current ratio of 0.44 and a quick ratio of 0.01. Crombie Real Estate Investment Trust has a one year low of C$12.31 and a one year high of C$16.33. The company has a market capitalization of $1.42 billion and a PE ratio of 20.14.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.

See Also: Overbought

Analyst Recommendations for Crombie Real Estate Investment Trust (TSE:CRR.UN)

Receive News & Ratings for Crombie Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crombie Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.