Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price target cut by research analysts at Raymond James Financial Inc. from C$17.00 to C$16.00 in a report issued on Thursday.

Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada boosted their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Monday, August 8th. Scotiabank reissued a “sector perform” rating and issued a C$16.00 price target on shares of Crombie Real Estate Investment Trust in a research note on Friday, September 16th. Canaccord Genuity boosted their price target on shares of Crombie Real Estate Investment Trust from C$14.25 to C$15.40 in a research note on Wednesday, July 27th. BMO Capital Markets boosted their price target on shares of Crombie Real Estate Investment Trust from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. Finally, TD Securities boosted their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$15.50 and gave the stock a “hold” rating in a research note on Friday, August 5th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$15.87.

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

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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