Canadian REIT (TSE:REF.UN) had its target price raised by equities research analysts at Scotiabank from C$51.00 to C$51.50 in a research note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on REF.UN. Raymond James Financial Inc. lowered shares of Canadian REIT from an “outperform” rating to a “market perform” rating in a report on Friday, July 22nd. RBC Capital Markets boosted their price target on shares of Canadian REIT from C$53.00 to C$54.00 in a report on Friday, July 29th. Royal Bank Of Canada boosted their price target on shares of Canadian REIT from C$53.00 to C$54.00 in a report on Friday, July 29th. CIBC boosted their price target on shares of Canadian REIT from C$47.00 to C$51.00 in a report on Tuesday, August 2nd. Finally, National Bank Financial boosted their price target on shares of Canadian REIT from C$49.00 to C$49.50 and gave the company a “sector perform” rating in a report on Tuesday, August 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Canadian REIT presently has an average rating of “Buy” and an average price target of C$50.56.

Analyst Recommendations for Canadian REIT (TSE:REF.UN)

About Canadian REIT

Canadian Real Estate Investment Trust is a Canada-based real estate investment trust. The Company’s objective is to accumulate and manage a portfolio of real estate assets and to offer the benefits of real estate ownership to its unitholders. It operates through three segments: Retail, Industrial and Office.

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