In a new note to investors today, an analyst has provided a rating update for the Financial sector company, Dream Global REIT (DRG.UN). The company received a Buy rating from GMP FirstEnergy’s analyst Himanshu Gupta, CFA, with a C$15.50 price target.
CFA has an average return of 3.3% when recommending Dream Global REIT.
According to TipRanks.com, CFA is ranked #1892 out of 5194 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dream Global REIT with a C$14.75 average price target, implying a 9.3% upside from current levels. In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a C$15.50 price target.
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Dream Global REIT’s market cap is currently C$2.61B and has a P/E ratio of 4.8. The company has a Price to Book ratio of 1.02.
Dream Global Real Estate Investment Trust is an open-ended investment trust that engages in owning, investing, and managing commercial properties. It operates through the German and Other Markets; and Netherlands geographical segments. The company was founded on April 21, 2011 and is headquartered in Toronto, Canada.
The company’s shares closed on Friday at C$13.50.