SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price lifted by TD Securities from C$27.00 to C$29.00 in a report issued on Friday morning, Price Targets.com reports. The brokerage currently has a hold rating on the stock.
SRU.UN has been the topic of a number of other research reports. BMO Capital Markets reaffirmed a na rating and set a C$23.50 price target on shares of SmartCentres Real Estate Investment Trst in a research report on Wednesday, February 17th. National Bank Financial upped their price target on SmartCentres Real Estate Investment Trst to C$27.00 and gave the company a sector perform rating in a research report on Wednesday, February 17th. Finally, Canaccord Genuity raised SmartCentres Real Estate Investment Trst from a hold rating to a buy rating and upped their price target for the company from C$26.00 to C$28.25 in a research report on Friday, February 12th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of C$29.64.
Shares of TSE SRU.UN opened at C$29.28 on Friday. SmartCentres Real Estate Investment Trst has a one year low of C$19.25 and a one year high of C$29.64. The company has a debt-to-equity ratio of 101.26, a current ratio of 0.81 and a quick ratio of 0.77. The business’s fifty day moving average price is C$28.16 and its 200-day moving average price is C$25.31. The stock has a market capitalization of C$4.98 billion and a PE ratio of 56.20.
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.
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