Summit Industrial Income REIT (SMU.UN) Receives C$9.54 Consensus PT from Brokerages

Summit Industrial Income REIT (CVE:SMU.UN) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$9.54.

A number of equities research analysts recently weighed in on SMU.UN shares. National Bank Financial lowered shares of Summit Industrial Income REIT from an “outperform” rating to a “sector perform” rating and set a C$9.00 price target for the company. in a report on Thursday, August 9th. Industrial Alliance Securities raised their price objective on shares of Summit Industrial Income REIT from C$9.25 to C$9.50 in a report on Monday, August 13th. BMO Capital Markets raised their price objective on shares of Summit Industrial Income REIT from C$9.25 to C$9.50 and gave the stock an “outperform” rating in a report on Monday, August 13th. Canaccord Genuity raised shares of Summit Industrial Income REIT from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$9.00 to C$10.00 in a report on Friday, September 28th. Finally, Royal Bank of Canada raised their price objective on shares of Summit Industrial Income REIT from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a report on Friday, November 9th.

SMU.UN opened at C$5.56 on Friday. Summit Industrial Income REIT has a twelve month low of C$5.22 and a twelve month high of C$12.00.

About Summit Industrial Income REIT

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

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