Granite Real Estate Investment Trust (TSE:GRT.UN – Get Free Report) (NASDAQ:GRP.U) had its price objective boosted by investment analysts at Raymond James from C$90.00 to C$92.00 in a research note issued on Friday, BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 21.95% from the company’s current price.
GRT.UN has been the topic of a number of other research reports. Canaccord Genuity Group lowered their target price on shares of Granite Real Estate Investment Trust from C$96.50 to C$90.00 in a report on Friday, May 10th. TD Securities upped their target price on shares of Granite Real Estate Investment Trust from C$87.00 to C$91.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, CIBC upped their target price on shares of Granite Real Estate Investment Trust from C$84.00 to C$85.00 in a report on Friday, May 10th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$88.10.
View Our Latest Stock Report on Granite Real Estate Investment Trust
Granite Real Estate Investment Trust Stock Down 1.3 %
About Granite Real Estate Investment Trust
Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 143 investment properties representing approximately 62.9 million square feet of leasable area.
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