Summit Industrial Income REIT (SMMCF) Gets a Hold Rating from Echelon Wealth Partners

By Carrie Williams

In a report issued on November 15, Stephan Boire from Echelon Wealth Partners maintained a Hold rating on Summit Industrial Income REIT (SMMCFResearch Report), with a price target of C$13.00. The company’s shares closed last Monday at $9.59, close to its 52-week high of $10.00.

According to TipRanks.com, Boire is ranked #2977 out of 5679 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Summit Industrial Income REIT with a $10.93 average price target, representing a 13.9% upside. In a report issued on November 15, CIBC also maintained a Hold rating on the stock with a C$13.25 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $10.00 and a one-year low of $6.73. Currently, Summit Industrial Income REIT has an average volume of 336.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Summit Industrial Income REIT is an open-ended mutual fund trust, which engages in growing and managing a portfolio of light industrial properties. Its properties are located in Ontario, Quebec, Alberta, British Columbia, and New Brunswick. The company was founded on November 4, 2005 and is headquartered in Brampton, Canada.