CIBC Keeps a Hold Rating on Summit Industries REIT Un

By Jason Carr

Summit Industries REIT Un (TSX: SMU.UN), the Financial sector company, has received a rating update from a Wall Street analyst on August 10. Analyst Dean Wilkinson from CIBC remains neutral on the stock and has a C$7.25 price target.

According to TipRanks.com, Wilkinson is ranked #646 out of 4628 analysts.

Summit Industries REIT Un has an analyst consensus of Hold, with a price target consensus of C$7.25.

The company has a one year high of C$7.43 and a one year low of C$6. Currently, Summit Industries REIT Un has an average volume of 108.7K.

Summit Industrial Income REIT operates as an open-ended real estate investment trust. It focuses on growing and managing a portfolio of light industrial properties across Canada. The company was founded on November 4, 2005 and is headquartered in Brampton, Canada.

The company’s shares closed on Friday at C$6.95.