Desjardins Reiterates “C$4.25” Price Target for Plaza Retail REIT (TSE:PLZ.UN)

Plaza Retail REIT (TSE:PLZ.UN) received a C$4.25 price target from equities researchers at Desjardins in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 16.12% from the stock’s previous close.

Plaza Retail REIT Stock Up 1.4 %

TSE PLZ.UN traded up C$0.05 during mid-day trading on Thursday, reaching C$3.66. 11,143 shares of the company’s stock traded hands, compared to its average volume of 43,149. The company has a fifty day simple moving average of C$3.61 and a 200-day simple moving average of C$3.72. Plaza Retail REIT has a 1-year low of C$3.40 and a 1-year high of C$3.96. The company has a market cap of C$403.95 million, a price-to-earnings ratio of 36.60 and a beta of 1.08. The company has a current ratio of 0.22, a quick ratio of 0.06 and a debt-to-equity ratio of 124.16.

About Plaza Retail REIT

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.