SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report) had its price target reduced by stock analysts at CIBC from C$30.00 to C$28.00 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 22.75% from the company’s previous close.
A number of other analysts have also commented on SRU.UN. BMO Capital Markets lifted their target price on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Scotiabank decreased their price objective on SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 21st. National Bankshares dropped their price objective on SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a “sector perform” rating for the company in a report on Wednesday, April 24th. Finally, Royal Bank of Canada decreased their target price on SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, SmartCentres Real Estate Investment Trst has a consensus rating of “Hold” and an average target price of C$26.36.
Check Out Our Latest Stock Analysis on SRU.UN
SmartCentres Real Estate Investment Trst Stock Up 0.2 %
Shares of TSE:SRU.UN opened at C$22.81 on Friday. 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 stock has a market cap of C$3.30 billion, a price-to-earnings ratio of 9.39 and a beta of 1.24. The company has a 50 day moving average of C$22.79 and a 200-day moving average of C$23.55. SmartCentres Real Estate Investment Trst has a one year low of C$20.67 and a one year high of C$26.22.
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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