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, AnalystRatings.com 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 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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