SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$29.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target lifted by stock analysts at CIBC from C$28.00 to C$29.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 15.95% from the company’s previous close.

SRU.UN has been the subject of several other reports. 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 report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a research report on Monday, October 28th. Finally, TD Securities raised their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trst currently has a consensus rating of “Hold” and an average price target of C$26.33.

SmartCentres Real Estate Investment Trst Stock Up 0.2 %

TSE SRU.UN traded up C$0.04 during mid-day trading on Friday, reaching C$25.01. The stock had a trading volume of 138,088 shares, compared to its average volume of 266,627. The stock has a market cap of C$3.62 billion, a PE ratio of 15.24 and a beta of 1.25. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. 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 fifty day moving average price of C$25.92 and a 200 day moving average price of C$24.18.

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.