Shares of Crombie Real Estate Investment Trust (TSE:CRR.UN) have received an average recommendation of “Hold” from the ten brokerages that are presently covering the firm. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$15.87.

A number of research analysts have recently commented on CRR.UN shares. Scotiabank reiterated a “sector perform” rating and set a C$16.00 target price on shares of Crombie Real Estate Investment Trust in a research report on Friday, September 16th. Desjardins restated a “buy” rating and set a C$16.50 price target on shares of Crombie Real Estate Investment Trust in a report on Monday, August 8th. Royal Bank Of Canada increased their price target on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Monday, August 8th. BMO Capital Markets increased their price target on Crombie Real Estate Investment Trust from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Tuesday, August 9th. Finally, Canaccord Genuity increased their price target on Crombie Real Estate Investment Trust from C$14.25 to C$15.40 in a report on Wednesday, July 27th.

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust (Crombie) is a Canada-based unincorporated open-ended real estate investment trust (REIT). Crombie invests in income-producing retail, office and mixed use properties in Canada. Crombie focuses on grocery-anchored and drug store-anchored retail properties. Crombie owns a portfolio of over 260 commercial properties in over 10 provinces, including approximately 17.7 million square feet of gross leasable area (GLA).

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