Scotiabank Boosts SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$26.75

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price hoisted by stock analysts at Scotiabank from C$26.00 to C$26.75 in a research note issued on Monday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 4.37% from the company’s previous close.

Separately, National Bankshares increased their target price on SmartCentres Real Estate Investment Trst from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Monday.

SmartCentres Real Estate Investment Trst Price Performance

Shares of SRU.UN opened at C$25.63 on Monday. SmartCentres Real Estate Investment Trst has a 12-month low of C$21.50 and a 12-month high of C$27.50. The business’s fifty day moving average is C$25.13 and its 200 day moving average is C$25.06. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The stock has a market cap of C$3.71 billion, a P/E ratio of 15.63 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.