Shares of Summit Industrial Income REIT (CVE:SMU.UN) have been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$11.38.

A number of research analysts have recently commented on SMU.UN shares. Canaccord Genuity cut Summit Industrial Income REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. BMO Capital Markets raised their target price on Summit Industrial Income REIT from C$10.00 to C$11.50 and gave the company an “outperform” rating in a research note on Tuesday, February 26th. National Bank Financial raised their target price on Summit Industrial Income REIT from C$10.75 to C$11.00 and gave the company a “sector perform” rating in a research note on Friday, February 22nd. CIBC raised their target price on Summit Industrial Income REIT from C$11.00 to C$12.25 in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada raised their target price on Summit Industrial Income REIT from C$9.50 to C$11.50 and gave the company a “sector perform” rating in a research note on Monday, February 25th.

Summit Industrial Income REIT has a fifty-two week low of C$5.22 and a fifty-two week high of C$12.00.

Summit Industrial Income REIT Company Profile

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Analyst Recommendations for Summit Industrial Income REIT (CVE:SMU.UN)

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