Royal Bank of Canada Forecasts Strong Price Appreciation for SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target hoisted by investment analysts at Royal Bank of Canada from C$27.00 to C$28.00 in a research note issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 11.07% from the company’s previous close.

Several other equities research analysts have also weighed in on the stock. CIBC increased their price objective on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research note on Friday, November 15th. National Bankshares raised their price target on shares of SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research note on Wednesday, October 9th. BMO Capital Markets raised their price target on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research note on Monday, November 18th. Finally, TD Securities upgraded shares of SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and raised their price target for the company from C$26.00 to C$28.00 in a research note on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, SmartCentres Real Estate Investment Trst currently has a consensus rating of “Hold” and an average price target of C$27.08.

SmartCentres Real Estate Investment Trst Stock Performance

Shares of SRU.UN stock opened at C$25.21 on Thursday. 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 one year low of C$21.50 and a one year high of C$27.50. The company’s 50-day simple moving average is C$25.84 and its 200-day simple moving average is C$24.28. The stock has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 15.46 and a beta of 1.25.

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.