SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price Expected to Rise, Scotiabank Analyst Says

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective increased by Scotiabank from C$25.50 to C$26.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports.

Other analysts have also issued research reports about the stock. Royal Bank of Canada lifted their target price on shares of SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a research report on Thursday, November 21st. BMO Capital Markets boosted their price objective on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research note on Monday, November 18th. TD Securities raised SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and increased their target price for the company from C$26.00 to C$28.00 in a report on Monday, November 18th. Finally, CIBC lifted their price target on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research note on Friday, November 15th. Three 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 company presently has a consensus rating of “Hold” and an average price target of C$27.33.

SmartCentres Real Estate Investment Trst Price Performance

SmartCentres Real Estate Investment Trst stock opened at C$25.42 on Wednesday. The stock has a market capitalization of C$3.68 billion, a P/E ratio of 15.50 and a beta of 1.25. The company’s fifty day moving average price is C$24.70 and its 200 day moving average price is C$25.24. 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 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.