Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$24.96 and traded as high as C$25.42. SmartCentres Real Estate Investment Trst shares last traded at C$25.17, with a volume of 329,113 shares.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on SRU.UN shares. Scotiabank lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$26.00 in a research note on Wednesday, February 19th. Royal Bank of Canada raised their price objective on shares of SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a report on Thursday, November 21st. BMO Capital Markets raised their price objective on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a report on Monday, November 18th. CIBC raised their price objective on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. Finally, TD Securities raised shares of SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$26.00 to C$28.00 in a report on Monday, November 18th.
Check Out Our Latest Stock Analysis on SRU.UN
SmartCentres Real Estate Investment Trst Price Performance
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.
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