Desjardins Downgrades Pure Industrial to Hold

By Jason Carr

Today, an analyst has provided a rating update for the Financial sector company, Pure Industrial (TSX: AAR.UN). Desjardins’ analyst Michael Markidis downgraded AAR.UN to Hold , with a C$8.10 price target.

Markidis has an average return of 29.8% when recommending Pure Industrial.

According to, Markidis is ranked #921 out of 4743 analysts.

Currently, the analyst consensus on Pure Industrial is Hold and the average price target is C$8.10, representing a 0.1% upside.

In a report issued on January 9, Canaccord Genuity also downgraded the stock to Hold with a C$8.10 price target.

Pure Industrial’s market cap is currently C$2.47B and has a P/E ratio of 5.6.

Pure Industrial Real Estate Trust operates as an open-ended real estate investment trust, which engages in property acquisition, financing, and management of industrial properties. Its portfolio include commercial and industrial buildings. The company was founded by Stephen James Evans and Darren T.

The company’s shares closed on Friday at C$8.09, close to its 52-week high of C$8.13.