Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price target lowered by Scotiabank from C$16.00 to C$15.50 in a research note published on Tuesday. Scotiabank currently has a sector perform rating on the stock.

Several other research firms have also recently weighed in on CRR.UN. Canaccord Genuity lifted their target price on Crombie Real Estate Investment Trust from C$14.25 to C$15.40 in a research note on Wednesday, July 27th. RBC Capital Markets lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a sector perform rating in a research note on Friday, August 5th. TD Securities lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$15.50 and gave the company a hold rating in a research note on Friday, August 5th. Royal Bank Of Canada lifted their target price on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a sector perform rating in a research note on Monday, August 8th. Finally, Desjardins reaffirmed a buy rating and set a C$16.50 target price on shares of Crombie Real Estate Investment Trust in a research note on Monday, August 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of C$15.82.

Crombie Real Estate Investment Trust Company Profile

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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