Summit Industrial Income REIT (CVE:SMU.UN) had its price target boosted by stock analysts at Royal Bank of Canada from C$9.00 to C$9.50 in a report issued on Friday. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 70.86% from the stock’s previous close.
A number of other research firms also recently issued reports on SMU.UN. Industrial Alliance Securities increased their price objective on shares of Summit Industrial Income REIT from C$9.50 to C$10.00 in a research note on Wednesday, October 3rd. Canaccord Genuity upgraded shares of Summit Industrial Income REIT from a “hold” rating to a “buy” rating and increased their price objective for the company from C$9.00 to C$10.00 in a research note on Friday, September 28th. BMO Capital Markets increased their price objective on shares of Summit Industrial Income REIT from C$9.25 to C$9.50 and gave the company an “outperform” rating in a research note on Monday, August 13th. Finally, National Bank Financial downgraded shares of Summit Industrial Income REIT from an “outperform” rating to a “sector perform” rating and set a C$9.00 price objective on the stock. in a research note on Thursday, August 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$9.46.
Shares of SMU.UN stock opened at C$5.56 on Friday. Summit Industrial Income REIT has a one year low of C$5.22 and a one year high of C$12.00.
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