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Granite Real Estate (GRT.UN) Receives a Hold from RBC Capital


Granite Real Estate (GRT.UN), the Financial sector company, has received a rating update from a Wall Street analyst today. Analyst Neil Downey from RBC Capital remains neutral on the stock and has a C$62 price target.

Downey has an average return of 14.9% when recommending Granite Real Estate.

According to TipRanks.com, Downey is ranked #526 out of 4918 analysts.

Granite Real Estate has an analyst consensus of Hold, with a price target consensus of C$62.

Granite Real Estate’s market cap is currently C$2.55B and has a P/E ratio of 5.1. The company has a Price to Book ratio of 1.11.

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$55.97.