Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Inovalis Real Estate Investment Trust (TSE:INO.UN – Get Rating) was upgraded by Canaccord Genuity Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a C$5.00 price target on the stock, down from their previous price target of C$7.00. Canaccord Genuity Group’s price objective suggests a potential upside of 10.13% from the stock’s previous close.
A number of other research analysts have also commented on the company. National Bankshares lowered their price target on Inovalis Real Estate Investment Trust from C$7.25 to C$6.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 17th. BMO Capital Markets cut their target price on Inovalis Real Estate Investment Trust from C$7.65 to C$5.25 in a research report on Wednesday, August 17th.
Inovalis Real Estate Investment Trust Price Performance
Inovalis Real Estate Investment Trust stock traded up C$0.02 during mid-day trading on Wednesday, reaching C$4.54. The company had a trading volume of 37,889 shares, compared to its average volume of 134,642. The company has a debt-to-equity ratio of 81.47, a current ratio of 0.40 and a quick ratio of 0.32. The stock’s 50-day simple moving average is C$6.18 and its 200-day simple moving average is C$7.63. Inovalis Real Estate Investment Trust has a 1 year low of C$4.32 and a 1 year high of C$10.43. The company has a market capitalization of C$147.48 million and a P/E ratio of 23.89.
Insider Activity at Inovalis Real Estate Investment Trust
In related news, Director Marc Manasterski acquired 12,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were bought at an average cost of C$4.50 per share, for a total transaction of C$54,000.00. Following the purchase, the director now owns 12,000 shares in the company, valued at approximately C$54,000.
Inovalis Real Estate Investment Trust Company Profile
(Get Rating)
Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT's investment criteria.
Read More
- Can Health Drink Maker Celsius Outrun Its Monster Rival?
- Four Cheap Stocks With Interesting Insider Activity
- Is Lyft Going To Make It As Acquisition Rumors Swirl?
- It’s Time To Embrace Another 25% Decline In The S&P 500
- These 3 Reports Will Tell Us Much About the Current Economy
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to co*****@ma********.com.
Before you consider Inovalis Real Estate Investment Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Inovalis Real Estate Investment Trust wasn’t on the list.
While Inovalis Real Estate Investment Trust currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
ETF portfolio manager, Dave Gilreath offers a perspective on “dividend achievers” and why these deserve a role in your portfolio
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | co*****@ma********.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
About Author
