Today, an analyst has provided a rating update for Crombie Real Estate (CRR.UN). The company received a Buy rating from Raymond James’ analyst Ken Avalos, with a C$15 price target.
Avalos has an average return of 8.1% when recommending Crombie Real Estate.
According to TipRanks.com, Avalos is ranked #629 out of 5233 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crombie Real Estate with a C$14.45 average price target, which is a 2.0% upside from current levels. In a report issued on March 1, Canaccord Genuity also reiterated a Buy rating on the stock with a C$15.25 price target.
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Based on Crombie Real Estate’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$13.42 million. In comparison, last year the company had a GAAP net loss of C$6.45 million.
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 Monday at C$14.17.
