Boardwalk REIT (BEI.UN) Gets a Hold Rating from Desjardins


A Wall Street analyst has provided a rating update for the Financial sector company yesterday, while remaining neutral on the stock. Analyst Michael Markidis from Desjardins rated Boardwalk REIT (BEI.UN) a Hold, setting a C$46 price target.

Markidis has an average return of 1.3% when recommending Boardwalk REIT.

According to TipRanks.com, Markidis is ranked #410 out of 5203 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Boardwalk REIT with a C$46.36 average price target, implying an 11.6% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a C$44 price target.

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The company has a one-year high of C$52.43 and a one-year low of C$36.47. Currently, Boardwalk REIT has an average volume of 141.8K.

Boardwalk Real Estate Investment Trust is an open-ended real estate investment trust. The company engages in real estate rental market business. It has several residential multi-family apartments on Alberta, Ontario, Quebec and Saskatchewan. The company was founded by Sam Kolias and Van Kolias in 1984 and is headquartered in Calgary, Canada.

The company’s shares closed on Monday at C$41.54.

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