Summit Industrial Income REIT (CVE:SMU.UN) Price Target Raised to C$13.50

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Summit Industrial Income REIT (CVE:SMU.UN) had its price target hoisted by Royal Bank of Canada from C$13.00 to C$13.50 in a research note released on Monday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities analysts also recently issued research reports about the company. National Bank Financial set a C$13.00 price objective on Summit Industrial Income REIT and gave the company a sector perform rating in a research report on Friday, August 9th. CIBC upped their price objective on Summit Industrial Income REIT from C$13.00 to C$13.25 in a research report on Friday, August 9th. BMO Capital Markets upped their price objective on Summit Industrial Income REIT from C$11.50 to C$13.00 in a research report on Tuesday, May 14th. Finally, Desjardins set a C$12.50 price objective on Summit Industrial Income REIT in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$12.18.

Summit Industrial Income REIT has a twelve month low of C$5.22 and a twelve month high of C$12.00.

Further Reading: Equity Income

Analyst Recommendations for Summit Industrial Income REIT (CVE:SMU.UN)

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