Granite Real Estate Investment Trust (TSE:GRT.UN) Boosted at Royal Bank of Canada


Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) was upgraded by stock analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Thursday, January 3rd. The firm presently has a C$62.00 target price on the stock. Royal Bank of Canada’s target price indicates a potential upside of 8.32% from the company’s current price.


A number of other research analysts have also recently issued reports on GRT.UN. Desjardins lifted their price objective on Granite Real Estate Investment Trust from C$56.00 to C$58.00 and gave the company a “hold” rating in a report on Monday, November 12th. TD Securities raised their target price on Granite Real Estate Investment Trust from C$56.00 to C$58.00 and gave the company a “hold” rating in a research note on Monday, November 12th.

TSE:GRT.UN opened at C$57.24 on Thursday. Granite Real Estate Investment Trust has a 52 week low of C$45.03 and a 52 week high of C$52.69.

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