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Canaccord Genuity Believes Summit Industries REIT Un (SMU.UN) Still Has Room to Grow


Summit Industries REIT Un (TSX: SMU.UN), the Financial sector company, has received a rating update from a Wall Street analyst today. Mark Rothschild, an analyst with Canaccord Genuity, has upgraded their rating on SMU.UN to Buy , with a C$10 price target.

According to TipRanks.com, Rothschild is ranked #437 out of 4878 analysts.

Summit Industries REIT Un has an analyst consensus of Moderate Buy, with a price target consensus of C$9.75.

The company has a one-year high of C$9.11 and a one-year low of C$7.17. Currently, Summit Industries REIT Un has an average volume of 152.2K.

Summit Industrial Income REIT is an open-ended mutual fund trust, which engages in growing and managing a portfolio of light industrial properties. Its properties are located in Ontario, Quebec, Alberta, British Columbia, and New Brunswick. The company was founded on November 4, 2005 and is headquartered in Brampton, Canada.

The company’s shares closed on Friday at C$8.98, close to its 52-week high of C$9.11.