Inovalis Real Estate Investment Trust (TSE:INO.UN) Given New C$1.00 Price Target at Desjardins

Inovalis Real Estate Investment Trust (TSE:INO.UN) had its price objective hoisted by equities researchers at Desjardins from C$0.85 to C$1.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price target points to a potential upside of 19.05% from the stock’s previous close.

Inovalis Real Estate Investment Trust Trading Down 5.6 %

INO.UN stock opened at C$0.84 on Thursday. The company has a debt-to-equity ratio of 100.22, a current ratio of 0.55 and a quick ratio of 0.32. Inovalis Real Estate Investment Trust has a 1-year low of C$0.76 and a 1-year high of C$1.46. The business has a 50 day simple moving average of C$0.93 and a two-hundred day simple moving average of C$0.94. The company has a market capitalization of C$27.38 million, a price-to-earnings ratio of -0.40 and a beta of 1.78.

Inovalis Real Estate Investment Trust Company Profile

Inovalis Real Estate Investment Trust is a Canada based open-ended real estate investment trust. The REIT Properties consist of office properties that are used for the rental of office space leased to corporate clients in urban areas. Its properties portfolio includes office rental properties located in France and Germany.