TSX:SOT.DB - Post by User
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MARKOPOLISon Jul 11, 2024 6:03pm
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Post# 36129258
Strong sell what a shocker
Strong sell what a shocker Slate Office REIT (TSE:SOT.UN – Get Free Report) has earned an average recommendation of “Strong Sell” from the seven research firms that are covering the firm, MarketBeat Ratingsreports. Five investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$0.64.
Several research analysts recently weighed in on the company. Cormark lowered their price objective on Slate Office REIT from C$0.80 to C$0.65 in a research report on Tuesday, May 7th. Royal Bank of Canada lowered Slate Office REIT from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from C$0.70 to C$0.30 in a research report on Wednesday, June 26th. TD Securities lowered Slate Office REIT from a “hold” rating to a “sell” rating and lowered their price objective for the stock from C$0.75 to C$0.25 in a research report on Wednesday, June 26th. CIBC lowered Slate Office REIT from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 26th. Finally, BMO Capital Markets cut Slate Office REIT from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from C$0.70 to C$0.30 in a research note on Wednesday, June 26th.