SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$25.50

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective hoisted by BMO Capital Markets from C$24.50 to C$25.50 in a report issued on Monday, BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on SRU.UN. National Bankshares upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. TD Securities lifted their price objective on SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$26.17.

SmartCentres Real Estate Investment Trst Stock Down 1.4 %

SRU.UN stock opened at C$24.91 on Monday. The company has a market capitalization of C$3.60 billion, a price-to-earnings ratio of 15.19 and a beta of 1.25. The business’s 50 day moving average price is C$26.04 and its two-hundred day moving average price is C$23.99. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$21.23 and a fifty-two week high of C$27.50. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17.

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.