SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Receives C$26.64 Consensus Price Target from Analysts

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$26.64.

A number of research analysts have issued reports on the company. National Bankshares reduced their price objective on SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 24th. Royal Bank of Canada cut their price target on SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Scotiabank cut their price target on SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 21st. Finally, BMO Capital Markets increased their price target on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th.

SmartCentres Real Estate Investment Trst Price Performance

Shares of TSE:SRU.UN opened at C$22.28 on Friday. The company has a market capitalization of C$3.22 billion, a PE ratio of 9.21 and a beta of 1.24. The company has a debt-to-equity ratio of 78.76, a current ratio of 0.20 and a quick ratio of 0.10. The business has a fifty day moving average price of C$22.99 and a two-hundred day moving average price of C$23.55. SmartCentres Real Estate Investment Trst has a 1 year low of C$20.67 and a 1 year high of C$26.30.

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.