Pure Multi-Family REIT (CVE:RUF.UN) Price Target Raised to C$7.70 at CIBC

Pure Multi-Family REIT (CVE:RUF.UN) had its price objective boosted by equities researchers at CIBC from C$7.50 to C$7.70 in a research note issued on Friday, June 28th, BayStreet.CA reports. CIBC’s price target points to a potential downside of 11.80% from the company’s current price.

Shares of CVE RUF.UN remained flat at $C$8.73 during midday trading on Friday. 36,800 shares of the company’s stock were exchanged, compared to its average volume of 111,993. The stock has a 50-day moving average of C$8.71. Pure Multi-Family REIT has a fifty-two week low of C$7.58 and a fifty-two week high of C$9.48.

Pure Multi-Family REIT Company Profile

Pure Multi-Family is a Canadian based, publicly traded vehicle which offers investors exclusive exposure to attractive, institutional quality U.S. multi-family real estate assets.

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