Granite Real Estate Investment Trust (TSE:GRT.UN – Get a rating) (NASDAQ:GRP.U) had its price target raised by equity analysts at TD Securities from C$94.00 to C$95.00 in a research note released Friday, BayStreet.CA reports. The brokerage currently has a “buy to list action” rating on the stock. TD Securities’ target price would suggest a potential upside of 20.48% from the stock’s previous close.

A number of other equity analysts have also recently weighed in on GRT.UN. Raymond James cut his price target on shares of Granite Real Estate Investment Trust from CA$112.00 to CA$98.00 and set an ‘outperform’ rating for the company in a Monday, August 15 research report . CIBC lowered its price target on shares of Granite Real Estate Investment Trust from C$98.00 to C$90.00 and set an “outperform” rating for the company in a research report released Friday. National Bankshares cut its price target on shares of Granite Real Estate Investment Trust from C$90.00 to C$84.00 in a Monday, October 24 research report. Scotiabank reduced its price target on shares of Granite Real Estate Investment Trust from C$97.00 to C$90.00 in a research report on Friday, October 21. Finally, Royal Bank of Canada raised its price target on shares of Granite Real Estate Investment Trust from C$99.00 to C$100.00 and gave the stock an “outperform” rating in a report. research Monday, August 15. Four equity research analysts gave the stock a buy rating and one gave the company a high buy rating. According to MarketBeat, Granite Real Estate Investment Trust currently has an average buy rating and consensus target price of CA$96.00.

Granite Real Estate Investment Trust Stock up 2.8%

TSE GRT.UN traded at C$2.13 during Friday trading hours, hitting C$78.85. The company had a trading volume of 81,056 shares, compared to an average volume of 172,007. Granite Real Estate Investment Trust has a fifty-two week low of C$63.29 and a fifty-two week high of 105, $79 CAD. The company has a market cap of C$5.16 billion and a price-earnings ratio of 4.68. The company has a debt ratio of 48.12, a current ratio of 2.36 and a quick ratio of 1.07. The company’s 50-day moving average is C$69.94 and its 200-day moving average is C$78.19.

Company Profile Granite Real Estate Investment Trust

(Get a rating)

Granite is a Canadian REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe. Granite owns more than 85 investment properties representing approximately 34 million square feet of leasable area.

Further reading

Analyst Recommendations for Granite Real Estate Investment Trust (TSE: GRT.UN)

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