Canaccord Genuity Reaffirms Their Hold Rating on Cominar Real Estate

By Austin Angelo

Cominar Real Estate (TSX: CUF.UN), the Financial sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Mark Rothschild from Canaccord Genuity remains neutral on the stock and has a C$14 price target.

According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 10.6% and a 80.7% success rate. Rothschild covers the Financial sector, focusing on stocks such as Brookfield Property Partners, Glimcher Realty Trust, and Brookfield Asset Mng.

Currently, the analyst consensus on Cominar Real Estate is Hold and the average price target is C$14.57, representing a 12.2% upside.

In a report issued on June 22, Scotiabank also maintained a Hold rating on the stock with a C$13.75 price target.

The company has a one year high of C$18.33 and a one year low of C$12.70. Currently, Cominar Real Estate has an average volume of 485.4K.

Cominar Real Estate Investment Trust is a closed-end investment trust, which owns and manage commercial properties. Its objectives are to provide unit holders with stable and growing monthly cash distributions which are tax deferred, from investments in a diversified portfolio of properties. It operates through Office, Retail, and Industrial and Mixed-Use segments. The company was founded by Jules Dallaire in 1998 and is headquartered in Quebec City, Canada.,003P9H-E

The company’s shares closed last Friday at $12.98, close to its 52-week low of $12.70.