BMO Capital Markets Forecasts Strong Price Appreciation for SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price increased by research analysts at BMO Capital Markets from C$25.50 to C$27.00 in a research note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 6.93% from the company’s previous close.

SRU.UN has been the subject of several other reports. CIBC lifted their target price on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research report on Friday, November 15th. TD Securities raised shares of SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$26.00 to C$28.00 in a report on Monday. Finally, National Bankshares increased their target price on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research note on Wednesday, October 9th. Three 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.com, the company has an average rating of “Hold” and a consensus price target of C$26.92.

SmartCentres Real Estate Investment Trst Stock Performance

Shares of SRU.UN opened at C$25.25 on Monday. SmartCentres Real Estate Investment Trst has a 12-month low of C$21.50 and a 12-month high of C$27.50. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The company has a market cap of C$3.65 billion, a PE ratio of 15.40 and a beta of 1.25. The stock has a 50-day moving average price of C$25.89 and a 200-day moving average price of C$24.25.

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.