SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report) had its price target dropped by investment analysts at BMO Capital Markets from C$24.50 to C$23.50 in a research note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 2.58% from the company’s previous close.
A number of other analysts have also weighed in on the company. National Bankshares lowered their target price 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 research note on Wednesday, April 24th. CIBC lowered 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. Scotiabank lowered their target price on SmartCentres Real Estate Investment Trst from C$25.00 to C$24.50 and set a “sector perform” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada lowered their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research report on Wednesday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$26.00.
Check Out Our Latest Report on SRU.UN
SmartCentres Real Estate Investment Trst Stock Performance
SmartCentres Real Estate Investment Trst stock opened at C$22.91 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 fifty day moving average price of C$22.75 and a two-hundred day moving average price of C$23.60. SmartCentres Real Estate Investment Trst has a 52-week low of C$20.67 and a 52-week high of C$25.89. The firm has a market capitalization of C$3.31 billion, a P/E ratio of 9.43 and a beta of 1.24.
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.
Further Reading
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