Plaza Retail REIT Gets a Hold Rating from CIBC

By Austin Angelo

The Financial sector company, Plaza Retail REIT (TSX: PLZ.UN), has received a rating update from a Wall Street analyst yesterday. Analyst Dean Wilkinson from CIBC remains neutral on the stock and has a C$5.25 price target.

According to TipRanks.com, Wilkinson is ranked #442 out of 4566 analysts.

Currently, the analyst consensus on Plaza Retail REIT is Moderate Buy and the average price target is C$5.31, representing a 10.9% upside.

In a report issued on May 15, Desjardins also reiterated a Hold rating on the stock with a C$5.25 price target.

The company has a one year high of C$5.28 and a one year low of C$4.65. Currently, Plaza Retail REIT has an average volume of 66.01K.

Plaza Retail REIT operates as an open-ended real estate investment trust. It acquires, develops and redevelops unenclosed and enclosed retail real estate throughout Atlantic Canada, Québec and Ontario. The company was founded in 1999 and is headquartered in Fredericton, Canada.

The company’s shares closed last Wednesday at $4.79.