CIBC Reiterates Their Buy Rating on Pure Multi-Family REIT LP (RUF.U)

By Jason Carr

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Pure Multi-Family REIT LP (CNQX: RUF.U). The company received a Buy yesterday from CIBC’s analyst Dean Wilkinson, with a C$7.50 price target.

Wilkinson has an average return of 23.1% when recommending Pure Multi-Family REIT LP.

According to TipRanks.com, Wilkinson is ranked #451 out of 4866 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pure Multi-Family REIT LP with a $7.25 average price target.

Pure Multi-Family REIT LP’s market cap is currently $375.9M and has a P/E ratio of 16.4.

The company’s shares closed on Friday at $6.47.