SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$26.75

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target lifted by Scotiabank from C$26.00 to C$26.75 in a report released on Monday morning,BayStreet.CA reports.

Separately, National Bankshares upped their price objective on SmartCentres Real Estate Investment Trst from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Monday.

SmartCentres Real Estate Investment Trst Stock Down 0.8%

Shares of SRU.UN stock opened at C$25.42 on Monday. SmartCentres Real Estate Investment Trst has a 52-week low of C$21.50 and a 52-week high of C$27.50. The stock has a market cap of C$3.68 billion, a price-to-earnings ratio of 15.50 and a beta of 1.25. The firm’s 50-day moving average is C$25.12 and its 200-day moving average is C$25.06. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17.

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.