SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Free Report) had its price target raised by CIBC from C$28.00 to C$29.00 in a report issued on Friday morning,BayStreet.CA reports.
Other research analysts have also recently issued reports about the company. TD Securities boosted their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the company a "hold" rating in a research note on Wednesday, September 4th. National Bankshares upped their target price on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets lifted their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$26.33.
Check Out Our Latest Stock Report on SRU.UN
SmartCentres Real Estate Investment Trst Price Performance
TSE SRU.UN traded up C$0.14 on Friday, reaching C$25.11. The company's stock had a trading volume of 292,300 shares, compared to its average volume of 267,322. The business has a 50-day moving average price of C$25.90 and a 200 day moving average price of C$24.20. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The firm has a market cap of C$3.63 billion, a PE ratio of 15.31 and a beta of 1.25. SmartCentres Real Estate Investment Trst has a 52 week low of C$21.50 and a 52 week high of C$27.50.
SmartCentres Real Estate Investment Trst Company Profile
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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.
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