Yesterday, an analyst has provided a rating update for the Financial sector company, Slate Office REIT (TSX: SOT.UN). The company received a Buy rating from Canaccord Genuity’s analyst Mark Rothschild, with a C$8.75 price target.
Currently, the analyst consensus on Slate Office REIT is Strong Buy and the average price target is C$8.83, representing a 10.4% upside.
In a report issued on August 4, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$8.75 price target.
The company has a one year high of C$8.90 and a one year low of C$7.54. Currently, Slate Office REIT has an average volume of 123.7K.
Slate Office REIT is an open-ended real estate investment trust. It focuses on the acquisition, holding, development, maintenance, improvement, leasing, and management of properties. The company was founded in August 27, 2012 and is headquartered in Toronto, Canada.
The company’s shares closed on Friday at C$8.