Scotiabank Trims SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Target Price to C$25.50

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price trimmed by Scotiabank from C$30.00 to C$25.50 in a research report sent to investors on Friday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other analysts also recently weighed in on SRU.UN. National Bankshares lifted their target price on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a report on Monday, August 14th. TD Securities lifted their target price on shares of SmartCentres Real Estate Investment Trst from C$26.00 to C$27.00 and gave the company a hold rating in a report on Friday, August 11th. Royal Bank of Canada dropped their target price on shares of SmartCentres Real Estate Investment Trst from C$31.00 to C$29.00 and set an outperform rating for the company in a report on Thursday, November 16th. CIBC decreased their price target on shares of SmartCentres Real Estate Investment Trst from C$31.00 to C$30.00 and set an outperform rating for the company in a research report on Friday, November 10th. Finally, Desjardins set a C$28.50 price target on shares of SmartCentres Real Estate Investment Trst and gave the company a hold rating in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SmartCentres Real Estate Investment Trst currently has a consensus rating of Hold and an average target price of C$27.83.

SmartCentres Real Estate Investment Trst Price Performance

TSE SRU.UN opened at C$23.08 on Friday. The company has a debt-to-equity ratio of 78.65, a current ratio of 0.26 and a quick ratio of 0.10. The stock’s fifty day moving average price is C$22.89 and its 200 day moving average price is C$24.14. SmartCentres Real Estate Investment Trst has a 1 year low of C$20.67 and a 1 year high of C$28.85. The company has a market cap of C$3.34 billion, a price-to-earnings ratio of 8.10 and a beta of 1.19.

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.