SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report) had its target price cut by investment analysts at Royal Bank of Canada from C$28.00 to C$27.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 17.54% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. BMO Capital Markets increased their price target on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the company a “market perform” rating in a report on Wednesday, February 28th. CIBC reduced their target price on SmartCentres Real Estate Investment Trst from C$30.00 to C$28.00 in a research note on Friday, May 10th. National Bankshares dropped their price target on shares of SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a “sector perform” rating for the company in a research note on Wednesday, April 24th. Finally, Scotiabank reduced their price objective on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$26.14.
Check Out Our Latest Analysis on SmartCentres Real Estate Investment Trst
SmartCentres Real Estate Investment Trst Stock Performance
SmartCentres Real Estate Investment Trst stock opened at C$22.97 on Wednesday. The company has a debt-to-equity ratio of 78.76, a current ratio of 0.20 and a quick ratio of 0.10. The firm’s fifty day moving average price is C$22.76 and its 200 day moving average price is C$23.58. The company has a market capitalization of C$3.32 billion, a price-to-earnings ratio of 9.45 and a beta of 1.24. SmartCentres Real Estate Investment Trst has a 12-month low of C$20.67 and a 12-month high of C$25.90.
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.
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