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 objective lifted by CIBC from C$28.00 to C$29.00 in a report released on Friday morning,BayStreet.CA reports.

A number of other analysts also recently issued reports on SRU.UN. National Bankshares lifted their price objective on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price target 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 increased their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, SmartCentres Real Estate Investment Trst presently has a consensus rating of “Hold” and a consensus target price of C$26.33.

SmartCentres Real Estate Investment Trst Trading Up 0.6 %

SRU.UN stock opened at C$25.11 on Friday. The company has a market capitalization of C$3.63 billion, a price-to-earnings ratio of 15.31 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 business has a 50 day simple moving average of C$25.90 and a two-hundred day simple moving average of C$24.21.

About SmartCentres Real Estate Investment Trst

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.