National Bank Financial Boosts Artis Real Estate Investment Trust Unit (AX.UN) Price Target to C$13.50

Artis Real Estate Investment Trust Unit (TSE:AX.UN) had its price target lifted by equities research analysts at National Bank Financial from C$12.00 to C$13.50 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 15.68% from the stock’s current price.

AX.UN has been the subject of several other reports. TD Securities boosted their price objective on Artis Real Estate Investment Trust Unit from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Monday. Canaccord Genuity boosted their price objective on Artis Real Estate Investment Trust Unit to C$11.50 and gave the stock an “average” rating in a research report on Monday, March 4th. BMO Capital Markets upgraded Artis Real Estate Investment Trust Unit from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$12.00 to C$12.50 in a research report on Monday. Finally, Raymond James reiterated a “market perform” rating on shares of Artis Real Estate Investment Trust Unit in a research report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$12.79.

Shares of AX.UN stock opened at C$11.67 on Monday. The company has a debt-to-equity ratio of 94.94, a current ratio of 0.35 and a quick ratio of 0.09. Artis Real Estate Investment Trust Unit has a 52 week low of C$12.82 and a 52 week high of C$14.42. The company has a market capitalization of $1.77 billion and a price-to-earnings ratio of 9.69.



Artis Real Estate Investment Trust Unit Company Profile

Artis is a diversified Canadian real estate investment trust investing in office, retail and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States.

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Analyst Recommendations for Artis Real Estate Investment Trust Unit (TSE:AX.UN)

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