Plaza Retail REIT (TSE:PLZ.UN) PT Set at C$4.25 by Desjardins

Plaza Retail REIT (TSE:PLZ.UN) has been given a C$4.25 price objective by Desjardins in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 16.12% from the company’s current price.

Plaza Retail REIT Stock Performance

PLZ.UN stock traded up C$0.05 on Thursday, reaching C$3.66. 11,143 shares of the company were exchanged, compared to its average volume of 43,149. The company has a debt-to-equity ratio of 124.16, a current ratio of 0.22 and a quick ratio of 0.06. Plaza Retail REIT has a 12 month low of C$3.40 and a 12 month high of C$3.96. The stock’s fifty day moving average price is C$3.61 and its 200 day moving average price is C$3.72. The firm has a market capitalization of C$403.95 million, a PE ratio of 36.60 and a beta of 1.08.

About Plaza Retail REIT

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.