SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$27.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective hoisted by BMO Capital Markets from C$25.50 to C$27.00 in a research note released on Monday morning,BayStreet.CA reports.

SRU.UN has been the subject of several other reports. CIBC lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. National Bankshares boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research note on Wednesday, October 9th. Finally, TD Securities raised shares of SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and boosted their target price for the company from C$26.00 to C$28.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$27.08.

SmartCentres Real Estate Investment Trst Price Performance

SRU.UN opened at C$25.18 on Monday. The company has a 50-day moving average of C$25.86 and a 200-day moving average of C$24.27. The company has a market capitalization of C$3.64 billion, a P/E ratio of 15.41 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. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17.

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.