National Bank Financial Cuts Crombie Real Estate Investment Trust (OTCMKTS:CROMF) Price Target to C$17.50

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Crombie Real Estate Investment Trust (OTCMKTS:CROMFGet Rating) had its target price lowered by analysts at National Bank Financial from C$20.00 to C$17.50 in a research note issued to investors on Wednesday, The Fly reports.

CROMF has been the topic of several other research reports. Scotiabank dropped their target price on shares of Crombie Real Estate Investment Trust from C$20.25 to C$19.75 in a research note on Friday, May 13th. Canaccord Genuity Group lowered their target price on shares of Crombie Real Estate Investment Trust from C$19.25 to C$18.50 and set a “hold” rating for the company in a report on Monday, May 16th. Desjardins decreased their price objective on shares of Crombie Real Estate Investment Trust from C$20.00 to C$19.50 in a report on Tuesday, May 17th. Finally, TD Securities cut their target price on shares of Crombie Real Estate Investment Trust from C$20.00 to C$19.50 in a research report on Friday, May 13th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Crombie Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average target price of $19.25.

Crombie Real Estate Investment Trust Stock Up 0.3 %

OTCMKTS CROMF opened at $12.43 on Wednesday. The company has a fifty day moving average of $12.78 and a 200-day moving average of $13.58. Crombie Real Estate Investment Trust has a 52-week low of $11.80 and a 52-week high of $15.05.

Crombie Real Estate Investment Trust Company Profile

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Crombie Real Estate Investment Trust (“Crombie”) is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country’s leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery- and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments primarily in Canada’s top urban and suburban markets.

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