CIBC Increases Morguard North American Residential REIT (TSE:MRG.UN) Price Target to C$22.00

Share on StockTwits

Morguard North American Residential REIT (TSE:MRG.UN) had its price objective lifted by CIBC from C$19.50 to C$22.00 in a report issued on Friday morning, AnalystRatings.com reports. The firm currently has a buy rating on the stock.

MRG.UN has been the subject of a number of other research reports. Laurentian upped their price target on Morguard North American Residential REIT from C$21.00 to C$22.50 in a research report on Friday. TD Securities upped their price target on Morguard North American Residential REIT from C$20.00 to C$21.00 and gave the stock a hold rating in a research report on Friday. Royal Bank of Canada upped their price target on Morguard North American Residential REIT from C$19.00 to C$21.00 and gave the stock a sector perform rating in a research report on Thursday, August 1st. Finally, Echelon Wealth Partners restated a buy rating and issued a C$21.00 price target on shares of Morguard North American Residential REIT in a research report on Thursday, August 1st.

Shares of MRG.UN opened at C$20.41 on Friday. The company has a debt-to-equity ratio of 149.01, a quick ratio of 0.14 and a current ratio of 0.24. The stock has a 50-day moving average of C$19.13. The stock has a market capitalization of $688.44 million and a PE ratio of 4.00. Morguard North American Residential REIT has a 52 week low of C$15.65 and a 52 week high of C$20.73.

Morguard North American Residential REIT Company Profile

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management.

Further Reading: What are trading strategies for the 52-week high/low?

Receive News & Ratings for Morguard North American Residential REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morguard North American Residential REIT and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Keybank National Association OH Purchases Shares of 15,561 Silgan Holdings Inc.
Keybank National Association OH Purchases Shares of 15,561 Silgan Holdings Inc.
Keybank National Association OH Acquires New Stake in CBIZ, Inc.
Keybank National Association OH Acquires New Stake in CBIZ, Inc.
Keybank National Association OH Grows Stock Position in Antero Midstream GP LP
Keybank National Association OH Grows Stock Position in Antero Midstream GP LP
Keybank National Association OH Trims Stake in Vanguard Value ETF
Keybank National Association OH Trims Stake in Vanguard Value ETF
Keybank National Association OH Purchases 2,905 Shares of iShares Edge MSCI USA Value Factor ETF
Keybank National Association OH Purchases 2,905 Shares of iShares Edge MSCI USA Value Factor ETF
Keybank National Association OH Lowers Stake in TransUnion
Keybank National Association OH Lowers Stake in TransUnion


© 2006-2019 Ticker Report