Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$24.91 and traded as low as C$24.37. SmartCentres Real Estate Investment Trst shares last traded at C$24.60, with a volume of 243,605 shares.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. CIBC lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research note on Friday, November 15th. BMO Capital Markets boosted their price target on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research note on Monday, November 18th. Royal Bank of Canada increased their price target on SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a report on Thursday, November 21st. National Bankshares upped their target price on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research report on Wednesday, October 9th. Finally, TD Securities upgraded SmartCentres Real Estate Investment Trst from a "hold" rating to a "buy" rating and increased their target price for the company from C$26.00 to C$28.00 in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$27.08.
View Our Latest Research Report on SRU.UN
SmartCentres Real Estate Investment Trst Trading Up 0.5 %
The firm has a market capitalization of C$3.58 billion, a price-to-earnings ratio of 15.07 and a beta of 1.25. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The business's fifty day moving average is C$24.90 and its 200 day moving average is C$25.10.
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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