SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Increased to C$34.50 by Analysts at CIBC

SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Rating) had its price target raised by equities research analysts at CIBC from C$34.00 to C$34.50 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 18.72% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group upped their price target 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 objective on shares of SmartCentres Real Estate Investment Trst from C$32.00 to C$33.00 in a research report on Thursday, February 17th. TD Securities increased their price objective on shares of SmartCentres Real Estate Investment Trst from C$32.00 to C$33.00 and gave the stock a “hold” rating in a research report on Thursday, February 17th. Finally, Royal Bank of Canada increased their price objective 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 report on Tuesday, February 22nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$33.44.

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SRU.UN traded up C$0.57 during trading on Friday, reaching C$29.06. 229,972 shares of the stock traded hands, compared to its average volume of 339,503. The company has a quick ratio of 0.11, a current ratio of 0.16 and a debt-to-equity ratio of 83.44. The stock has a market capitalization of C$4.95 billion and a PE ratio of 5.08. The stock’s 50-day moving average is C$31.96 and its 200 day moving average is C$31.57. SmartCentres Real Estate Investment Trst has a 12 month low of C$28.05 and a 12 month high of C$33.48.

SmartCentres Real Estate Investment Trst Company Profile (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.

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