Canaccord Genuity Group Increases Plaza Retail REIT (TSE:PLZ.UN) Price Target to C$4.25

Plaza Retail REIT (TSE:PLZ.UNGet Free Report) had its target price increased by investment analysts at Canaccord Genuity Group from C$4.00 to C$4.25 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 18.72% from the company’s current price.

Several other equities analysts also recently commented on the stock. Laurentian downgraded shares of Plaza Retail REIT from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$4.50 to C$4.25 in a research report on Monday, January 22nd. Royal Bank of Canada reduced their target price on Plaza Retail REIT from C$4.25 to C$4.00 and set a “sector perform” rating for the company in a report on Tuesday, February 27th.

Check Out Our Latest Analysis on PLZ.UN

Plaza Retail REIT Stock Up 1.7 %

TSE PLZ.UN traded up C$0.06 during trading on Monday, reaching C$3.58. The company’s stock had a trading volume of 21,282 shares, compared to its average volume of 41,873. The business has a 50-day moving average price of C$3.53 and a 200-day moving average price of C$3.59. Plaza Retail REIT has a 1-year low of C$3.40 and a 1-year high of C$4.17. The stock has a market capitalization of C$395.12 million, a PE ratio of 19.89 and a beta of 1.04. The company has a current ratio of 0.17, a quick ratio of 0.06 and a debt-to-equity ratio of 123.28.

Insiders Place Their Bets

In related news, Senior Officer Stephen Penney purchased 11,250 shares of Plaza Retail REIT stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of C$3.55 per share, with a total value of C$39,937.50. Company insiders own 35.17% of the company’s stock.

About Plaza Retail REIT

(Get Free Report)

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.

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