Granite Real Estate Investment Trust (TSE:GRT.UN) PT Raised to C$53.25

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Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) had its price target boosted by stock analysts at BMO Capital Markets from C$52.00 to C$53.25 in a report issued on Monday, May 28th. BMO Capital Markets’ price objective would suggest a potential upside of 0.78% from the stock’s previous close.

Several other equities research analysts have also recently commented on GRT.UN. Royal Bank of Canada boosted their price objective on shares of Granite Real Estate Investment Trust from C$55.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 15th. Desjardins lifted their price target on shares of Granite Real Estate Investment Trust from C$51.50 to C$53.00 in a research note on Monday, March 5th. Finally, TD Securities lifted their price target on shares of Granite Real Estate Investment Trust from C$50.00 to C$53.00 and gave the company a “hold” rating in a research note on Tuesday, May 15th. Five analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of C$53.88.

Shares of TSE GRT.UN traded down C$0.95 during midday trading on Monday, reaching C$52.84. 111,095 shares of the stock were exchanged, compared to its average volume of 78,930. Granite Real Estate Investment Trust has a 12 month low of C$45.03 and a 12 month high of C$52.69.

Analyst Recommendations for Granite Real Estate Investment Trust (TSE:GRT.UN)

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