Granite Real Estate Investment Trust (GRT.UN) Given New C$52.00 Price Target at Scotiabank

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price target raised by Scotiabank from C$51.00 to C$52.00 in a research report sent to investors on Monday. Scotiabank currently has a sector perform rating on the stock.

A number of other equities analysts have also weighed in on the stock. TD Securities lifted their price target on shares of Granite Real Estate Investment Trust from C$48.00 to C$49.00 and gave the company a hold rating in a report on Thursday, November 9th. Royal Bank Of Canada lifted their price target on shares of Granite Real Estate Investment Trust from C$51.00 to C$52.00 and gave the company a sector perform rating in a report on Thursday, November 9th. Desjardins lifted their price target on shares of Granite Real Estate Investment Trust from C$51.00 to C$51.50 and gave the company a hold rating in a report on Monday, September 18th. Finally, BMO Capital Markets reiterated a market perform rating and issued a C$52.00 price target on shares of Granite Real Estate Investment Trust in a report on Tuesday, August 15th. Five analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and a consensus target price of C$51.30.

Shares of Granite Real Estate Investment Trust (TSE GRT.UN) traded down C$0.91 on Monday, hitting C$49.34. The company had a trading volume of 83,654 shares, compared to its average volume of 52,466. Granite Real Estate Investment Trust has a 12 month low of C$41.49 and a 12 month high of C$52.69.

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