SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Given New C$26.00 Price Target at Scotiabank

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target increased by stock analysts at Scotiabank from C$25.50 to C$26.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 1.52% from the company’s previous close.

SRU.UN has been the topic of several other research reports. BMO Capital Markets raised their price target on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a report on Monday, November 18th. Royal Bank of Canada raised their target price on shares of SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a report on Thursday, November 21st. CIBC upped their price target on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. Finally, TD Securities upgraded SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and increased their price target for the company from C$26.00 to C$28.00 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$27.33.

SmartCentres Real Estate Investment Trst Trading Down 0.2 %

Shares of TSE SRU.UN traded down C$0.05 on Wednesday, reaching C$25.61. 196,475 shares of the company traded hands, compared to its average volume of 289,495. The stock has a market capitalization of C$3.71 billion, a PE ratio of 15.62 and a beta of 1.25. The company has a 50 day moving average of C$24.69 and a 200 day moving average of C$25.19. 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 company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88.

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.