SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Cut to C$32.50 by Analysts at Scotiabank
SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Rating) had its price objective reduced by investment analysts at Scotiabank from C$33.00 to C$32.50 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 10.69% from the stock’s current price.
A number of other analysts have also recently commented on SRU.UN. CIBC upped their price target on shares of SmartCentres Real Estate Investment Trst from C$34.00 to C$34.50 and gave the company an “outperform” rating in a research note on Friday. TD Securities increased their price target on shares of SmartCentres Real Estate Investment Trst from C$32.00 to C$33.00 and gave the company a “hold” rating in a research report on Thursday, February 17th. Canaccord Genuity Group raised their target price on shares of SmartCentres Real Estate Investment Trst from C$33.00 to C$33.50 in a research report on Thursday, February 17th. BMO Capital Markets increased their price target on shares of SmartCentres Real Estate Investment Trst from C$32.00 to C$33.00 in a research note on Thursday, February 17th. Finally, Royal Bank of Canada increased their price target on shares of SmartCentres Real Estate Investment Trst from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$33.39.
Shares of TSE:SRU.UN traded up C$0.18 during midday trading on Monday, hitting C$29.36. 139,550 shares of the company’s stock were exchanged, compared to its average volume of 338,961. SmartCentres Real Estate Investment Trst has a 12 month low of C$28.05 and a 12 month high of C$33.48. The company has a market cap of C$4.93 billion and a PE ratio of 5.13. The stock has a 50-day moving average price of C$31.90 and a 200-day moving average price of C$31.56. The company has a debt-to-equity ratio of 83.44, a current ratio of 0.16 and a quick ratio of 0.11.
About SmartCentres Real Estate Investment Trst (Get Rating)
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 neighborhood merchants.
Featured Articles
Receive News & Ratings for SmartCentres Real Estate Investment Trst Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for SmartCentres Real Estate Investment Trst and related companies with MarketBeat.com’s FREE daily email newsletter.