Desjardins Forecasts Strong Price Appreciation for Inovalis Real Estate Investment Trust (TSE:INO.UN) Stock

Inovalis Real Estate Investment Trust (TSE:INO.UN) had its target price hoisted by analysts at Desjardins from C$0.85 to C$1.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ price objective indicates a potential upside of 12.36% from the stock’s current price.

Inovalis Real Estate Investment Trust Stock Down 1.1 %

Shares of INO.UN traded down C$0.01 during mid-day trading on Thursday, reaching C$0.89. 10,529 shares of the stock traded hands, compared to its average volume of 23,220. The stock has a fifty day simple moving average of C$0.93 and a 200 day simple moving average of C$0.95. Inovalis Real Estate Investment Trust has a 12-month low of C$0.76 and a 12-month high of C$1.46. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 100.22. The firm has a market cap of C$29.01 million, a price-to-earnings ratio of -0.43 and a beta of 1.78.

About Inovalis Real Estate Investment Trust

Inovalis Real Estate Investment Trust is a Canada based open-ended real estate investment trust. The REIT Properties consist of office properties that are used for the rental of office space leased to corporate clients in urban areas. Its properties portfolio includes office rental properties located in France and Germany.