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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price hoisted by Scotiabank from C$25.50 to C$26.00 in a report released on Wednesday morning,BayStreet.CA reports.

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

SmartCentres Real Estate Investment Trst Stock Down 1.7 %

TSE:SRU.UN opened at C$25.42 on Wednesday. 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 has a twelve month low of C$21.50 and a twelve month high of C$27.50. The company has a market cap of C$3.68 billion, a PE ratio of 15.50 and a beta of 1.25. The company’s 50 day moving average is C$24.70 and its two-hundred day moving average is C$25.24.

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.