National Bankshares set a C$90.00 price target on Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
GRT.UN has been the subject of a number of other research reports. TD Securities boosted their target price on Granite Real Estate Investment Trust from C$89.00 to C$92.00 and gave the stock a buy rating in a research report on Thursday. BMO Capital Markets boosted their price objective on shares of Granite Real Estate Investment Trust from C$85.00 to C$89.00 and gave the stock an outperform rating in a report on Monday, May 10th. Royal Bank of Canada reaffirmed an outperform rating and set a C$84.00 target price on shares of Granite Real Estate Investment Trust in a report on Thursday, May 6th. CIBC boosted their price target on shares of Granite Real Estate Investment Trust from C$85.00 to C$87.00 and gave the stock an outperform rating in a research note on Friday, May 7th. Finally, Raymond James raised their price objective on Granite Real Estate Investment Trust from C$90.00 to C$91.00 and gave the company an outperform rating in a research note on Thursday. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of C$88.89.
Shares of GRT.UN stock opened at C$82.40 on Thursday. The business’s 50-day moving average price is C$79.56. Granite Real Estate Investment Trust has a 12-month low of C$64.38 and a 12-month high of C$82.52. The company has a debt-to-equity ratio of 49.29, a quick ratio of 4.41 and a current ratio of 4.55. The company has a market capitalization of C$5.08 billion and a price-to-earnings ratio of 8.79.
Granite Real Estate Investment Trust Company Profile
Granite is a Canadian based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns over 85 investment properties representing approximately 34 million square feet of leasable area.
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