Yesterday, an analyst has provided a rating update for the Financial sector company, Cominar Real Estate (TSX: CUF.UN). Analyst Mario Saric from Scotiabank reiterated a Hold rating, with a C$13.50 price target.
According to TipRanks.com, Saric is ranked #1187 out of 4847 analysts.
Currently, the analyst consensus on Cominar Real Estate is a Moderate Buy with an average price target of C$13.67, which is an 11.4% upside from current levels. In a report issued on August 12, Desjardins also reiterated a Hold rating on the stock with a C$13.50 price target.
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Based on Cominar Real Estate’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$46.45 million. In comparison, last year the company had a net profit of C$65.84 million.
Cominar Real Estate Investment Trust is a closed-end investment trust, which owns and manage commercial properties. It operates through the following segments: Office Properties, Retail Properties, Industrial and Mixed-Use Properties, and Cominar’s Proportionate Share. The company was founded by Jules Dallaire in 1998 and is headquartered in Quebec, Canada.
The company’s shares closed on Friday at C$12.27, close to its 52-week low of C$12.02.
