Artis Real Estate Investment Trust Unit (AX.UN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Artis Real Estate Investment Trust Unit (TSE:AX.UN) have earned an average rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$12.69.

A number of equities research analysts have recently weighed in on AX.UN shares. TD Securities dropped their target price on Artis Real Estate Investment Trust Unit from C$14.50 to C$12.50 and set a “buy” rating for the company in a report on Monday, November 5th. National Bank Financial dropped their target price on Artis Real Estate Investment Trust Unit from C$13.00 to C$12.00 in a report on Wednesday, November 28th. Desjardins reissued a “hold” rating and set a C$10.00 target price on shares of Artis Real Estate Investment Trust Unit in a report on Wednesday, December 19th. CIBC dropped their target price on Artis Real Estate Investment Trust Unit from C$13.50 to C$11.50 in a report on Monday, November 5th. Finally, Canaccord Genuity dropped their target price on Artis Real Estate Investment Trust Unit from C$14.00 to C$13.00 in a report on Monday, October 29th.

Shares of TSE:AX.UN traded up C$0.08 during midday trading on Friday, hitting C$10.00. The stock had a trading volume of 364,847 shares, compared to its average volume of 252,057. Artis Real Estate Investment Trust Unit has a 12 month low of C$12.82 and a 12 month high of C$14.42.

About Artis Real Estate Investment Trust Unit

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Analyst Recommendations for Artis Real Estate Investment Trust Unit (TSE:AX.UN)

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