Granite Real Estate (GRT.UN), the Financial sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst Mark Rothschild from Canaccord Genuity rated Granite Real Estate (GRT.UN) a Hold, setting a C$65 price target.
According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 7.4% and a 72.5% success rate. Rothschild covers the Financial sector, focusing on stocks such as Choice Properties Real Estate Investment Trust, RioCan Real Estate Investment Trust, and Artis Real Estate Investment Trust.
Granite Real Estate has an analyst consensus of Moderate Buy, with a price target consensus of C$63.67.
Granite Real Estate’s market cap is currently C$2.89B and has a P/E ratio of 4.6. The company has a Price to Book ratio of 1.21.
Granite Real Estate Investment Trust engages in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe. The company is headquartered in Toronto, Canada.
The company’s shares closed on Thursday at C$63.28, close to its 52-week high of C$63.73.
