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Royal Bank Boosts RioCan Price Target to $25

Guavy AI Editorial Team
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CAD
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Royal Bank of Canada raised its price target for RioCan Real Estate Investment Trust from C$24.00 to C$25.00 in a research note on Friday, BayStreet.CA reports.

The firm currently has an 'outperform' rating on the real estate investment trust's stock, suggesting a potential upside of 15.26% from the company's previous close of C$21.69.

RioCan Real Estate Investment Trust reported C$0.52 earnings per share (EPS) for its quarterly results on Tuesday, August 4th, and the REIT has a market capitalization of C$6.31 billion with a PE ratio of 26.13.

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