Cominar REIT’s (CMLEF) “Buy” Rating Reiterated at Echelon Wealth Partners

Cominar REIT (OTCMKTS:CMLEF)‘s stock had its “buy” rating reiterated by equities researchers at Echelon Wealth Partners in a research note issued on Wednesday, reports. They presently have a $14.50 price target on the stock. Echelon Wealth Partners’ price target indicates a potential upside of 36.32% from the company’s current price.

Separately, TD Securities upgraded shares of Cominar REIT from a “hold” rating to a “buy” rating in a report on Monday.

Shares of CMLEF traded up $0.16 during mid-day trading on Wednesday, hitting $10.64. 125 shares of the company traded hands, compared to its average volume of 4,102. Cominar REIT has a 1-year low of $7.98 and a 1-year high of $10.72. The business has a 50 day moving average of $10.25 and a 200 day moving average of $9.51.

Cominar REIT Company Profile

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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