Summit Industrial Income REIT (OTCMKTS:SMMCF) Price Target Raised to C$23.00

Summit Industrial Income REIT (OTCMKTS:SMMCF) had its price target hoisted by BMO Capital Markets from C$22.00 to C$23.00 in a research report released on Thursday morning, The Fly reports. They currently have an outperform rating on the stock.

Several other research firms have also weighed in on SMMCF. Royal Bank of Canada upped their target price on shares of Summit Industrial Income REIT from C$17.50 to C$23.00 and gave the stock a sector perform rating in a report on Wednesday, August 18th. Raymond James upped their price objective on shares of Summit Industrial Income REIT from C$20.00 to C$23.00 and gave the stock an outperform rating in a research note on Thursday, August 12th. Scotiabank lifted their target price on shares of Summit Industrial Income REIT from C$18.50 to C$22.50 and gave the company an outperform rating in a research note on Monday, August 16th. National Bank Financial increased their price target on Summit Industrial Income REIT from C$21.00 to C$22.50 and gave the stock an outperform rating in a research report on Thursday, August 12th. Finally, TD Securities lifted their price objective on Summit Industrial Income REIT from C$21.00 to C$24.00 and gave the company a buy rating in a research report on Thursday, August 12th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of $20.88.

Summit Industrial Income REIT stock opened at $17.15 on Thursday. The business has a 50 day simple moving average of $16.41 and a 200 day simple moving average of $14.05. Summit Industrial Income REIT has a one year low of $9.24 and a one year high of $17.31.

Summit Industrial Income REIT Company Profile

Summit Industrial Income REIT is an open-ended mutual fund trust, which engages in growing and managing a portfolio of light industrial properties. Its properties are located in Ontario, Quebec, Alberta, British Columbia, and New Brunswick. The company was founded on November 24, 1998 and is headquartered in Markham, Canada.

See Also: Hold Rating

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Analyst Recommendations for Summit Industrial Income REIT (OTCMKTS:SMMCF)

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