Scotiabank Increases SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$26.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective raised by Scotiabank from C$25.50 to C$26.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

SRU.UN has been the topic of several other research reports. Royal Bank of Canada lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a research note on Thursday, November 21st. TD Securities upgraded SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and raised their target price for the company from C$26.00 to C$28.00 in a research note on Monday, November 18th. BMO Capital Markets boosted their price target on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research note on Monday, November 18th. Finally, CIBC raised their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$27.33.

SmartCentres Real Estate Investment Trst Stock Up 0.3 %

TSE SRU.UN opened at C$25.74 on Wednesday. The stock has a market cap of C$3.72 billion, a PE ratio of 15.70 and a beta of 1.25. The business has a 50 day moving average price of C$24.69 and a two-hundred day moving average price of C$25.21. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$21.50 and a fifty-two week high of C$27.50. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88.

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.