In a new note to investors today, an analyst has provided a rating update for Inovalis REIT (INO.UN). Desjardins’ analyst Michael Markidis reiterates their Hold rating on the shares, with a C$10.50 price target.
According to TipRanks.com, Markidis is ranked #527 out of 5129 analysts.
Currently, the analyst consensus on Inovalis REIT is a Moderate Buy with an average price target of C$10.75.
The company has a one-year high of C$10.60 and a one-year low of C$9.38. Currently, Inovalis REIT has an average volume of 21.64K.
Inovalis Real Estate Investment Trust engages in the acquisition and owning office properties. Its properties include Dubonnet, Jeuneurs, Vanves, Sabliere, Baldi, Arcueil, Metropolitan, Delizy, Hanover, Duisburg, Cologne, Bad Homburg, and Stuttgart. The company was founded by Stephane Amine on February 8, 2013 and is headquartered in Toronto, Canada.
The company’s shares closed on Thursday at C$9.94.
