Interrent Real Estate Investment Trust (IIP.UN) PT Raised to C$9.00 at CIBC

Interrent Real Estate Investment Trust (TSE:IIP.UN) had its target price lifted by stock analysts at CIBC from C$8.50 to C$9.00 in a note issued to investors on Wednesday. CIBC’s price target would indicate a potential upside of 1.01% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Raymond James Financial, Inc. boosted their price objective on shares of Interrent Real Estate Investment Trust from C$8.50 to C$9.50 and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Royal Bank Of Canada boosted their price objective on shares of Interrent Real Estate Investment Trust from C$8.50 to C$8.75 and gave the company a “sector perform” rating in a research report on Friday, July 28th. National Bank Financial boosted their price objective on shares of Interrent Real Estate Investment Trust from C$8.75 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. BMO Capital Markets reissued an “outperform” rating and set a C$9.00 price objective on shares of Interrent Real Estate Investment Trust in a research report on Tuesday, August 1st. Finally, Scotiabank lifted their target price on shares of Interrent Real Estate Investment Trust from C$8.25 to C$9.10 and gave the company a “sector perform” rating in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$9.28.

Shares of Interrent Real Estate Investment Trust (TSE IIP.UN) opened at C$8.91 on Wednesday. Interrent Real Estate Investment Trust has a 1 year low of C$6.97 and a 1 year high of C$8.97.

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About Interrent Real Estate Investment Trust

InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).

Analyst Recommendations for Interrent Real Estate Investment Trust (TSE:IIP.UN)

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