Scotiabank 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 objective lifted by equities researchers at Scotiabank from C$25.50 to C$26.00 in a report released on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 0.58% from the stock’s current price.

A number of other equities research analysts have also issued reports on SRU.UN. CIBC boosted 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. BMO Capital Markets increased their target price on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a report on Monday, November 18th. TD Securities upgraded SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and lifted their price target for the company from C$26.00 to C$28.00 in a report on Monday, November 18th. Finally, Royal Bank of Canada increased their price objective on SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$27.33.

SmartCentres Real Estate Investment Trst Price Performance

Shares of TSE SRU.UN opened at C$25.85 on Wednesday. SmartCentres Real Estate Investment Trst has a twelve month low of C$21.50 and a twelve month high of C$27.50. The business has a 50 day simple moving average of C$24.70 and a 200-day simple moving average of C$25.23. 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 capitalization of C$3.74 billion, a price-to-earnings ratio of 15.76 and a beta of 1.25.

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.