RBC Capital Sticks to Their Hold Rating for Summit Industries REIT Un (SMU.UN)

Summit Industries REIT Un (SMU.UN) has received a rating update from a Wall Street analyst today. Analyst Matt Logan from RBC Capital reiterated a Hold rating, with a C$9.50 price target.

Currently, the analyst consensus on Summit Industries REIT Un is a Moderate Buy with an average price target of C$9.75.

Summit Industries REIT Un’s market cap is currently C$792M and has a P/E ratio of 4. The company has a Price to Book ratio of 1.17.

Summit Industrial Income REIT is an open-ended mutual fund trust, which engages in growing and managing a portfolio of light industrial properties. Its properties are located in Ontario, Quebec, Alberta, British Columbia, and New Brunswick. The company was founded on November 4, 2005 and is headquartered in Brampton, Canada.

The company’s shares closed on Friday at C$9.33.