Scotiabank Lowers Cominar REIT (OTCMKTS:CMLEF) Price Target to $8.75

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 Qu├ębec. 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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Analyst Recommendations for Cominar REIT (OTCMKTS:CMLEF)

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