National Bankshares Increases SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$27.10

Key Points

• National Bankshares raised the price target for SmartCentres Real Estate Investment Trust (TSE: SRU.UN) from C$25.25 to C$27.10, suggesting a potential upside of 3.55% from its current price.
• The average rating for the stock is "Moderate Buy" with a consensus price target of C$27.93, according to recent analyst reports.
• SmartCentres Real Estate Investment Trust has a market capitalization of C$4.46 billion and had shares trading down at C$26.17, reflecting a 0.5% decline on the day of the report.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) had its target price hoisted by investment analysts at National Bankshares from C$25.25 to C$27.10 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' target price would suggest a potential upside of 3.55% from the stock's current price.

Several other research firms have also issued reports on SRU.UN. Royal Bank Of Canada raised their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Scotiabank raised their price target on SmartCentres Real Estate Investment Trst from C$26.75 to C$27.50 and gave the stock a "sector perform" rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$27.93.

SmartCentres Real Estate Investment Trst Trading Down 0.5%

Shares of TSE:SRU.UN traded down C$0.12 during trading on Wednesday, hitting C$26.17. The company had a trading volume of 180,684 shares, compared to its average volume of 308,539. The stock has a market cap of C$4.46 billion, a price-to-earnings ratio of 19.38 and a beta of 0.81. SmartCentres Real Estate Investment Trst has a one year low of C$23.18 and a one year high of C$27.21. The company has a fifty day simple moving average of C$26.53 and a two-hundred day simple moving average of C$25.80. 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 Real Estate Investment Trust is a canadian fully integrated commercial and residential REITs, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under it's wholly-owned residential sub-brand, SmartLiving.

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