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Nexus Industrial REIT (NXR.UN) Stock Forecast & Price Target

C$7.11
-0.05 (-0.70%)
(As of 05/22/2024 ET)

Nexus Industrial REIT - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 8 Analyst Ratings

Consensus Price Target

C$8.42
18.38% Upside
High ForecastC$10.00
Average ForecastC$8.42
Low ForecastC$7.50
TypeCurrent Forecast
5/24/23 to 5/23/24
1 Month Ago
4/24/23 to 4/23/24
3 Months Ago
2/23/23 to 2/23/24
1 Year Ago
5/24/22 to 5/24/23
Consensus Rating
Moderate Buy
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
4 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$8.42C$8.93C$9.58C$11.94
Forecasted Upside18.38% Upside13.16% Upside16.50% Upside36.32% Upside
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NXR.UN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NXR.UN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Nexus Industrial REIT Stock vs. The Competition

TypeNexus Industrial REITReal Estate Companies
Consensus Rating Score
2.50
2.50
Consensus RatingModerate BuyHold
News Sentiment RatingNegative News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/16/2024Desjardins
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 Lower TargetBuyC$9.00 ➝ C$8.75+20.52%
5/16/2024Royal Bank of Canada
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 Lower TargetSector PerformC$8.50 ➝ C$8.00+10.19%
5/16/2024Raymond James
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 Lower TargetOutperformC$9.00 ➝ C$8.50+17.08%
5/16/2024CIBC
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 Lower TargetOutperformC$9.75 ➝ C$9.00+23.97%
5/16/2024Scotiabank
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 Lower TargetC$9.00 ➝ C$8.50+17.08%
4/24/2024National Bankshares
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 Lower TargetSector PerformC$8.50 ➝ C$7.50+4.75%
4/24/2024TD Securities
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 Lower TargetC$8.00 ➝ C$7.50+4.75%
3/25/2024BMO Capital Markets
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 Lower TargetC$8.50 ➝ C$8.00+6.52%
1/22/2024Laurentian
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 Set TargetBuyC$10.00+18.20%
11/16/2022Canaccord Genuity Group
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 Boost TargetC$11.75 ➝ C$12.00+474.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:27 AM ET.

NXR.UN Frequently Asked Questions

What is Nexus Industrial REIT's stock forecast and purchase recommendation?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Nexus Industrial REIT is C$8.42, with a high forecast of C$10.00 and a low forecast of C$7.50. The consensus rating for Nexus Industrial REIT stock is Moderate Buy based on the current 4 hold ratings and 4 buy ratings for NXR.UN. Learn more on NXR.UN's analyst rating history.

Do Wall Street analysts like Nexus Industrial REIT more than its competitors?

Analysts like Nexus Industrial REIT more than other "real estate" companies. The consensus rating for Nexus Industrial REIT is Moderate Buy while the average consensus rating for "real estate" companies is Hold. Learn more on how NXR.UN compares to other companies.

Does Nexus Industrial REIT's stock price have much upside?

According to analysts, Nexus Industrial REIT's stock has a predicted upside of 13.39% based on their 12-month stock forecasts.

What analysts cover Nexus Industrial REIT?

Nexus Industrial REIT has been rated by research analysts at BMO Capital Markets, CIBC, Desjardins, National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.


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This page (TSE:NXR.UN) was last updated on 5/23/2024 by MarketBeat.com Staff

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