Desjardins reduces the target price of the Inovalis Real Estate Investment Trust (OTCMKTS:IVREF) to C$8.50


Inovalis real estate investment fund (OTCMKTS:IVREFGet a rating) saw its target price lowered by Desjardins from C$9.75 to C$8.50 in a research report published on Tuesday, Fly reports.

A number of other equity research analysts have also recently published reports on IVREF. National Bank Financial lowered its target price on shares of Inovalis Real Estate Investment Trust from C$9.50 to C$9.00 in a report released Monday. Canaccord Genuity Group cut its price target on Inovalis Real Estate Investment Trust shares from C$9.00 to C$8.00 and set a “hold” rating on the stock in a research report Tuesday, May 10.

Shares of OTCMKTS IVREF held steady at $5.86 during midday trading on Tuesday. Inovalis Real Estate Investment Trust has a 1 year minimum of $5.54 and a 1 year maximum of $8.45. The company’s 50-day moving average price is $6.98 and its 200-day moving average price is $7.42.

Company Profile Inovalis Real Estate Investment Trust (Get a rating)

Inovalis Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established pursuant to a Declaration of Trust under the laws of the Province of Ontario. The SCPI was created with the aim of acquiring and holding office buildings mainly located in France and Germany but also opportunistically in other European countries where the assets meet the investment criteria of the SCPI.

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