SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Increased to C$25.50 by Analysts at BMO Capital Markets

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective hoisted by stock analysts at BMO Capital Markets from C$24.50 to C$25.50 in a research report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential downside of 0.55% from the stock’s current price.

SRU.UN has been the subject of several other reports. TD Securities boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. National Bankshares boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$26.17.

SmartCentres Real Estate Investment Trst Stock Up 0.1 %

SRU.UN traded up C$0.03 on Monday, reaching C$25.64. 84,270 shares of the company traded hands, compared to its average volume of 265,461. The stock’s 50 day moving average price is C$25.98 and its 200-day moving average price is C$23.94. SmartCentres Real Estate Investment Trst has a 52-week low of C$20.67 and a 52-week high of C$27.50. The company has a market cap of C$3.71 billion, a price-to-earnings ratio of 15.62 and a beta of 1.25. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10.

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.