SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$26.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) had its price target increased by research analysts at Scotiabank from C$25.50 to C$26.00 in a research report issued on Wednesday,BayStreet.CA reports. Scotiabank's price target suggests a potential upside of 2.28% from the company's previous close.

Several other research analysts have also weighed in on the stock. TD Securities upgraded shares of SmartCentres Real Estate Investment Trst from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$26.00 to C$28.00 in a research note on Monday, November 18th. CIBC boosted their price objective on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. Royal Bank of Canada boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a research report on Thursday, November 21st. Finally, BMO Capital Markets boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$27.33.

SmartCentres Real Estate Investment Trst Stock Down 1.7 %

Shares of TSE:SRU.UN traded down C$0.43 during midday trading on Wednesday, reaching C$25.42. 509,449 shares of the company were exchanged, compared to its average volume of 300,987. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$21.50 and a fifty-two week high of C$27.50. The stock has a fifty day simple moving average of C$24.70 and a two-hundred day simple moving average of C$25.24. The firm has a market cap of C$3.68 billion, a PE ratio of 15.50 and a beta of 1.25.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres is one of Canada's largest real estate investment trusts with total assets of approximately $9.5 billion. It owns and manages 34 million square feet of retail space in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants.