Royal Bank of Canada Boosts SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$28.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price upped by Royal Bank of Canada from C$27.00 to C$28.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other analysts have also recently weighed in on SRU.UN. TD Securities raised shares of SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and raised their target price for the company from C$26.00 to C$28.00 in a report on Monday, November 18th. National Bankshares raised their price objective on shares of SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research report on Monday, November 18th. Finally, CIBC boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$27.08.

SmartCentres Real Estate Investment Trst Price Performance

SRU.UN stock opened at C$25.21 on Thursday. The business’s 50-day moving average is C$25.81 and its two-hundred day moving average is C$24.29. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The firm has a market capitalization of C$3.65 billion, a P/E ratio of 15.37 and a beta of 1.25. SmartCentres Real Estate Investment Trst has a 1 year low of C$21.50 and a 1 year high of C$27.50.

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.