Cominar REIT (OTCMKTS:CMLEF) had its price objective decreased by Scotiabank from $9.75 to $8.75 in a report published on Tuesday morning, The Fly reports. Scotiabank currently has a sector perform rating on the stock.
CMLEF has been the topic of several other research reports. TD Securities lowered their price objective on Cominar REIT from $9.50 to $8.00 and set a hold rating on the stock in a research report on Monday, August 10th. BMO Capital Markets cut Cominar REIT from an outperform rating to a market perform rating in a research report on Monday, August 10th. CIBC lowered their price objective on Cominar REIT from $12.50 to $9.75 and set an outperform rating on the stock in a research report on Monday, August 10th. Finally, Royal Bank of Canada lowered their price objective on Cominar REIT from $15.50 to $9.50 and set a sector perform rating on the stock in a research report on Tuesday, May 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $10.92.
Shares of Cominar REIT stock opened at $5.30 on Tuesday. The business has a fifty day simple moving average of $5.85 and a two-hundred day simple moving average of $7.17. Cominar REIT has a 1 year low of $5.14 and a 1 year high of $11.48.
About Cominar REIT
Cominar is one of the largest diversified real estate investment trust in Canada and is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 415 properties in three different market segments, that is, office properties, retail properties and industrial and flex properties.
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