Plaza Retail Reit (TSE:PLZ.UN) had its price objective dropped by analysts at Royal Bank Of Canada from C$5.00 to C$4.75 in a report released on Monday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 9.95% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Laurentian set a C$5.25 price target on Plaza Retail Reit and gave the company a “buy” rating in a research report on Thursday, July 27th. Laurentian Bank of Canada reissued a “buy” rating and set a C$5.25 price target on shares of Plaza Retail Reit in a research report on Thursday, July 27th. BMO Capital Markets reissued an “outperform” rating and set a C$5.25 price target on shares of Plaza Retail Reit in a research report on Monday, August 21st. Desjardins raised Plaza Retail Reit from a “hold” rating to a “buy” rating and set a C$5.25 price target for the company in a research report on Thursday, August 17th. Finally, Canaccord Genuity reduced their price target on Plaza Retail Reit from C$5.25 to C$5.00 in a research report on Monday, October 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$5.08.
Plaza Retail Reit (PLZ.UN) opened at C$4.32 on Monday. Plaza Retail Reit has a 52-week low of C$4.27 and a 52-week high of C$5.18.
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