SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$25.50

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target increased by BMO Capital Markets from C$24.50 to C$25.50 in a research report sent to investors on Monday morning, BayStreet.CA reports.

Several other research analysts also recently weighed in on SRU.UN. TD Securities lifted 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 lifted their price target on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SmartCentres Real Estate Investment Trst presently has an average rating of “Hold” and an average price target of C$26.17.

SmartCentres Real Estate Investment Trst Trading Down 0.2 %

Shares of SRU.UN stock opened at C$25.26 on Monday. The business’s 50 day moving average is C$26.03 and its two-hundred day moving average is C$23.97. SmartCentres Real Estate Investment Trst has a twelve month low of C$21.23 and a twelve month high of C$27.50. The company has a market capitalization of C$3.65 billion, a P/E ratio of 15.40 and a beta of 1.25. 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.