CIBC Sticks to Its Buy Rating for DREAM Unlimited Cl A

By Austin Angelo

The Financial sector company, DREAM Unlimited Cl A (TSX: DRM), has received a rating update from a Wall Street analyst yesterday. CIBC’s analyst Dean Wilkinson reiterates their Buy rating on the shares, with a C$11.75 price target.

According to TipRanks.com, Wilkinson is ranked #449 out of 4801 analysts.

Currently, the analyst consensus on DREAM Unlimited Cl A is Moderate Buy and the average price target is C$11.25, representing a 12.3% upside.

In a report released today, Canaccord Genuity also assigned a Buy rating to the stock with a C$12.75 price target.

DREAM Unlimited Cl A’s market cap is currently C$1.09B and has a P/E ratio of 12.5. The company has a Price to Book ratio of 1.19.

DREAM Unlimited Corp. engages in acquiring, managing, and developing commercial and residential real estate. It operates through the following segments: Land Development, Housing Development, Condominium Development, Zibi, Asset Management and Advisory Services, and Investment and Recreational Properties.

The company’s shares closed on Thursday at C$10.02, close to its 52-week high of C$10.07.