Summit Industrial Income REIT (CVE:SMU.UN) Price Target Raised to C$13.00

Summit Industrial Income REIT (CVE:SMU.UN) had its price target upped by Royal Bank of Canada from C$12.50 to C$13.00 in a research report issued to clients and investors on Tuesday, June 25th, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock.

A number of other research firms have also recently weighed in on SMU.UN. CIBC increased their price objective on Summit Industrial Income REIT from C$12.25 to C$13.00 in a research report on Thursday, June 13th. National Bank Financial set a C$12.50 target price on Summit Industrial Income REIT and gave the stock a “sector perform” rating in a research note on Wednesday, June 12th. BMO Capital Markets raised their price objective on Summit Industrial Income REIT from C$11.50 to C$13.00 in a research note on Tuesday, May 14th. Desjardins set a C$12.50 price objective on Summit Industrial Income REIT in a research note on Thursday, May 9th. Finally, Canaccord Genuity downgraded Summit Industrial Income REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$12.00.

Summit Industrial Income REIT has a 1 year low of C$5.22 and a 1 year high of C$12.00.

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