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TSE:SMU.UN - Summit Industrial Income REIT Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$15.67
  • Forecasted Upside: -10.53 %
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
C$17.51 As of 06/18/2021 01:00 AM ET
▲ +0.28 (1.63%)
1 month | 3 months | 12 months
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Analyst Price Target for SMU.UN

Average Price Target: C$15.67
▼ -10.53% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for Summit Industrial Income REIT in the last 3 months. The average price target is C$15.67, with a high forecast of C$17.50 and a low forecast of C$13.50. The average price target represents a -10.53% upside from the last price of C$17.51.

Buy

The current consensus among 3 contributing investment analysts is to buy stock in Summit Industrial Income REIT. This rating has held steady since March 2020, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/20/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/19/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/18/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
5/17/2021Royal Bank of CanadaBoost Price TargetNAC$17.50
4/22/2021Raymond JamesBoost Price TargetOutperformC$17.00
3/24/2021Raymond JamesInitiated CoverageOutperformC$15.75
2/25/2021BMO Capital MarketsReiterated RatingNAC$15.00
2/25/2021Canaccord GenuityReiterated RatingHoldC$13.50
2/25/2021CIBCBoost Price TargetNAC$15.00
2/25/2021National Bank FinancialBoost Price TargetOutperformC$16.00
2/25/2021Royal Bank of CanadaBoost Price TargetSector PerformC$15.50
5/9/2019Royal Bank of CanadaBoost Price TargetSector PerformC$11.50 ➝ C$12.50
4/2/2019Canaccord GenuityDowngradeBuy ➝ Hold
3/26/2019CIBCBoost Price TargetC$11.00 ➝ C$12.25
3/26/2019DesjardinsBoost Price TargetC$11.50 ➝ C$12.00
2/26/2019BMO Capital MarketsBoost Price TargetAverageC$10.00 ➝ C$11.50
2/25/2019Royal Bank of CanadaBoost Price TargetBuy ➝ Sector PerformC$9.50 ➝ C$11.50
2/22/2019National Bank FinancialBoost Price TargetSector PerformC$10.75 ➝ C$11.00
2/22/2019CIBCBoost Price TargetNeutralC$10.00 ➝ C$11.00
10/31/2017National Bank FinancialBoost Price TargetOutperformC$7.25 ➝ C$7.50
9/6/2017Canaccord GenuityReiterated RatingHoldC$7.50
5/23/2017BMO Capital MarketsReiterated RatingOutperformC$7.10
2/23/2017CIBCBoost Price TargetC$6.50 ➝ C$6.75
2/23/2017BMO Capital MarketsBoost Price TargetC$6.60 ➝ C$6.85
2/1/2017National Bank FinancialReiterated RatingOutperformC$6.75
8/11/2016BMO Capital MarketsBoost Price TargetC$6.40 ➝ C$6.70
(Data available from 6/18/2016 forward)
Summit Industrial Income REIT logo
Summit Industrial Income REIT is an unincorporated open-end trust focused on growing and managing a portfolio of light industrial and other properties across Canada. Summit II's units are listed on the TSX and trade under the symbol SMU.UN.
Read More

Today's Range

Now: C$17.51
Low: C$17.17
High: C$17.72

50 Day Range

MA: C$15.97
Low: C$14.81
High: C$17.51

52 Week Range

Now: C$17.51
Low: C$10.77
High: C$17.72

Volume

2,098,165 shs

Average Volume

415,530 shs

Market Capitalization

C$2.94 billion

P/E Ratio

9.04

Dividend Yield

3.27%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Summit Industrial Income REIT?

The following equities research analysts have issued reports on Summit Industrial Income REIT in the last year: BMO Capital Markets, Canaccord Genuity, CIBC, National Bank Financial, Raymond James, and Royal Bank of Canada.
View the latest analyst ratings for SMU.UN.

What is the current price target for Summit Industrial Income REIT?

6 Wall Street analysts have set twelve-month price targets for Summit Industrial Income REIT in the last year. Their average twelve-month price target is C$15.67, suggesting a possible downside of 10.5%. Royal Bank of Canada has the highest price target set, predicting SMU.UN will reach C$17.50 in the next twelve months. Canaccord Genuity has the lowest price target set, forecasting a price of C$13.50 for Summit Industrial Income REIT in the next year.
View the latest price targets for SMU.UN.

What is the current consensus analyst rating for Summit Industrial Income REIT?

Summit Industrial Income REIT currently has 1 hold rating and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe SMU.UN will outperform the market and that investors should add to their positions of Summit Industrial Income REIT.
View the latest ratings for SMU.UN.

What other companies compete with Summit Industrial Income REIT?

Other companies that are similar to Summit Industrial Income REIT include Granite Real Estate Investment Trust, Tritax Big Box REIT, Dream Industrial Real Estate Invest Trst, Big Yellow Group, Safestore, WPT Industrial Real Estate Investment, UK Commercial Property REIT, Warehouse REIT, Hansteen, Big Yellow Group, BWP Trust, Centuria Industrial REIT, FIBRA Prologis and National Storage REIT.

How do I contact Summit Industrial Income REIT's investor relations team?

The company's listed phone number is (905) 791-1181. The official website for Summit Industrial Income REIT is www.summitIIreit.com.