Cominar REIT’s (CUF.UN) “Hold” Rating Reaffirmed at Canaccord Genuity
Canaccord Genuity restated their hold rating on shares of Cominar REIT (TSE:CUF.UN) in a research note issued to investors on Sunday. They currently have a C$14.25 price target on the real estate investment trust’s stock.
Several other brokerages also recently commented on CUF.UN. BMO Capital Markets reaffirmed an outperform rating and issued a C$15.00 target price on shares of Cominar REIT in a research note on Tuesday, September 5th. Desjardins lifted their target price on shares of Cominar REIT from C$13.25 to C$14.00 in a research note on Monday. Royal Bank Of Canada lifted their price target on shares of Cominar REIT from C$13.00 to C$13.50 and gave the company a sector perform rating in a report on Tuesday, September 5th. Scotiabank cut their price target on shares of Cominar REIT from C$13.75 to C$13.25 and set a sector perform rating on the stock in a report on Thursday, August 17th. Finally, Laurentian Bank of Canada reiterated a buy rating and issued a C$14.50 price target on shares of Cominar REIT in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of C$14.43.
Shares of Cominar REIT (TSE:CUF.UN) traded up C$0.11 during midday trading on Friday, hitting C$14.08. 376,808 shares of the company traded hands, compared to its average volume of 423,819. Cominar REIT has a 12 month low of C$11.84 and a 12 month high of C$15.09.
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About Cominar REIT
Cominar REIT is a Canada-based real estate investment trust (REIT). The Company is a commercial property owner and manager in the province of Quebec. Its segments include Office, Retail, and Industrial and mixed-use. Its activities include a portfolio of three property types, including office properties, retail properties, and industrial and mixed-use properties located in Canadian provinces.
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