SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$26.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective boosted by National Bankshares from C$23.50 to C$26.00 in a research report issued on Wednesday, BayStreet.CA reports. National Bankshares’ target price would indicate a potential upside of 1.76% from the stock’s current price.

Separately, TD Securities boosted 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$25.83.

SmartCentres Real Estate Investment Trst Price Performance

SRU.UN stock traded up C$0.06 during midday trading on Wednesday, reaching C$25.55. The company had a trading volume of 57,862 shares, compared to its average volume of 267,193. SmartCentres Real Estate Investment Trst has a 1-year low of C$20.67 and a 1-year high of C$27.50. The stock has a 50 day moving average price of C$25.48 and a 200-day moving average price of C$23.68. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The company has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 15.58 and a beta of 1.25.

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.