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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price upped by equities researchers at CIBC from C$28.00 to C$29.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 15.49% from the company’s current price.

SRU.UN has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a research report on Monday, October 28th. TD Securities increased their price target on SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. Finally, National Bankshares boosted their price objective on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$26.33.

SmartCentres Real Estate Investment Trst Price Performance

TSE:SRU.UN opened at C$25.11 on Friday. The company has a 50 day moving average price of C$25.90 and a 200-day moving average price of C$24.20. SmartCentres Real Estate Investment Trst has a 1-year low of C$21.50 and a 1-year high of C$27.50. The firm has a market cap of C$3.63 billion, a price-to-earnings ratio of 15.31 and a beta of 1.25. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10.

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.