In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Crombie Real Estate (CRR.UN). Analyst Michael Markidis from Desjardins reiterated a Hold rating, with a C$13.50 price target yesterday.
According to TipRanks.com, Markidis is ranked #406 out of 5107 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crombie Real Estate with a C$14 average price target.
Crombie Real Estate’s market cap is currently C$1.91B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.31.
Crombie Real Estate Investment Trust operates as a real estate investment trust/REIT. It invests in income-producing retail, office, and commercial mixed use properties in Canada focuses primarily on the acquisition of grocery and drug store anchored retail properties. The company was founded on January 1, 2006 and is headquartered in New Glasgow, Canada.
The company’s shares closed on Tuesday at C$12.61.
