SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Raised to Buy at TD Securities

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Monday,BayStreet.CA reports. The brokerage currently has a C$28.00 target price on the stock, up from their previous target price of C$26.00. TD Securities’ price target would indicate a potential upside of 10.89% from the company’s previous close.

SRU.UN has been the subject of a number of other research reports. BMO Capital Markets raised their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a report on Monday, October 28th. National Bankshares boosted their price objective 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, CIBC raised their target price on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$26.92.

SmartCentres Real Estate Investment Trst Trading Down 0.9 %

Shares of SRU.UN stock opened at C$25.25 on Monday. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The firm has a market capitalization of C$3.65 billion, a P/E ratio of 15.40 and a beta of 1.25. SmartCentres Real Estate Investment Trst has a twelve month low of C$21.50 and a twelve month high of C$27.50. The stock’s fifty day simple moving average is C$25.89 and its 200 day simple moving average is C$24.25.

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.