Crombie Real Estate Investment Trust (CRR.UN) Rating Increased to Buy at TD Securities

Crombie Real Estate Investment Trust (TSE:CRR.UN) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Monday. The firm currently has a C$15.50 target price on the stock, up from their previous target price of C$14.50. TD Securities’ price target would suggest a potential upside of 10.48% from the company’s previous close.

A number of other analysts also recently weighed in on CRR.UN. Scotiabank reduced their price target on shares of Crombie Real Estate Investment Trust from C$15.00 to C$14.75 and set a “sector perform” rating for the company in a report on Wednesday, August 16th. National Bank Financial reduced their price target on shares of Crombie Real Estate Investment Trust from C$15.25 to C$15.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st.

Crombie Real Estate Investment Trust (CRR.UN) opened at C$14.03 on Monday. Crombie Real Estate Investment Trust has a 12 month low of C$13.02 and a 12 month high of C$14.91.

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About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust is a Canada-based unincorporated open-ended real estate investment trust (REIT). The Trust invests in income-producing retail, office and mixed use properties in Canada. It owns and operates primarily retail and office real estate assets located in Canada. It owns a portfolio of over 280 investment properties in 10 provinces, comprising approximately 19.1 million square feet of gross leasable area (GLA).

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