SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday after TD Securities raised their price target on the stock from C$24.00 to C$26.00. TD Securities currently has a hold rating on the stock. SmartCentres Real Estate Investment Trst traded as high as C$26.11 and last traded at C$26.05, with a volume of 46175 shares changing hands. The stock had previously closed at C$25.71.
Several other brokerages have also recently commented on SRU.UN. Royal Bank of Canada dropped their target price on SmartCentres Real Estate Investment Trst from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a report on Wednesday, May 15th. BMO Capital Markets cut their price objective on SmartCentres Real Estate Investment Trst from C$24.50 to C$23.50 in a report on Friday, May 17th. Scotiabank lowered their target price on SmartCentres Real Estate Investment Trst from C$25.00 to C$24.50 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. Finally, CIBC dropped their price target on shares of SmartCentres Real Estate Investment Trst from C$30.00 to C$28.00 in a research report on Friday, May 10th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$25.86.
Check Out Our Latest Research Report on SRU.UN
SmartCentres Real Estate Investment Trst Price Performance
SmartCentres Real Estate Investment Trst Company Profile
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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