SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$27.00 at BMO Capital Markets

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target increased by BMO Capital Markets from C$25.50 to C$27.00 in a research report released on Monday,BayStreet.CA reports.

Other analysts have also issued research reports about the stock. National Bankshares raised their target price on shares of SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research report on Wednesday, October 9th. CIBC lifted their target price on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research report on Friday. Finally, TD Securities upgraded shares of SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and upped their target price for the stock from C$26.00 to C$28.00 in a research report on Monday. Three equities research 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 has a consensus rating of “Hold” and an average price target of C$26.92.

SmartCentres Real Estate Investment Trst Trading Up 1.5 %

Shares of SRU.UN stock opened at C$25.49 on Monday. SmartCentres Real Estate Investment Trst has a twelve month low of C$21.50 and a twelve month high of C$27.50. The company has a market capitalization of C$3.69 billion, a P/E ratio of 15.54 and a beta of 1.25. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The business’s 50 day moving average is C$25.90 and its two-hundred day moving average is C$24.24.

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.