Trading Report: Today, Brokerages Set RioCan Real Estate Investment Trust (REI.UN) PT at $29.80

Today, Brokerages Set RioCan Real Estate Investment Trust (REI.UN) PT at $29.80

Shares of RioCan Real Estate Investment Trust (TSE:REI.UN) have been given a consensus rating of “Buy” by the seven ratings firms that are covering the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$29.80.

Several brokerages recently issued reports on REI.UN. Scotiabank reiterated a “sector perform” rating and issued a C$29.50 price target on shares of RioCan Real Estate Investment Trust in a report on Friday, November 4th. CIBC raised shares of RioCan Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating in a research report on Friday, November 4th. TD Securities reissued a “buy” rating and issued a C$31.00 price objective on shares of RioCan Real Estate Investment Trust in a research report on Friday, November 4th. Raymond James Financial Inc. raised shares of RioCan Real Estate Investment Trust from a “market perform” rating to an “outperform” rating in a research report on Friday, October 21st. Finally, Royal Bank Of Canada upped their price objective on shares of RioCan Real Estate Investment Trust from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, August 3rd.

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