SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$29.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective increased by CIBC from C$28.00 to C$29.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Several other brokerages have also issued reports on SRU.UN. TD Securities lifted their target price on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. National Bankshares lifted their price objective on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. Finally, BMO Capital Markets increased their target price on SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, SmartCentres Real Estate Investment Trst presently has a consensus rating of “Hold” and an average target price of C$26.33.

SmartCentres Real Estate Investment Trst Price Performance

SmartCentres Real Estate Investment Trst stock opened at C$25.11 on Friday. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. The company’s fifty day moving average price is C$25.90 and its 200 day moving average price is C$24.21. The stock has a market capitalization of C$3.63 billion, a P/E ratio of 15.31 and a beta of 1.25. SmartCentres Real Estate Investment Trst has a 1 year low of C$21.50 and a 1 year high of C$27.50.

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.