National Bankshares Boosts SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$25.25

Key Points

• National Bankshares has raised its target price for SmartCentres Real Estate Investment Trust (TSE:SRU.UN) from C$25.00 to C$25.25, indicating a potential downside of 2.25% from the stock's previous close.
• Scotiabank has also increased its price target for SmartCentres from C$26.00 to C$26.75.
• SmartCentres Real Estate Investment Trust's stock is currently trading at C$25.83, down 0.2%, with a market capitalization of C$3.74 billion.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Free Report) had its target price lifted by National Bankshares from C$25.00 to C$25.25 in a research note published on Monday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Separately, Scotiabank lifted their price target on SmartCentres Real Estate Investment Trst from C$26.00 to C$26.75 in a research note on Monday, May 12th.

SmartCentres Real Estate Investment Trst Stock Performance

SRU.UN stock traded up C$0.11 during trading hours on Monday, hitting C$26.73. 485,768 shares of the stock were exchanged, compared to its average volume of 307,622. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The firm has a market capitalization of C$3.87 billion, a P/E ratio of 16.30 and a beta of 1.25. The company has a 50-day simple moving average of C$25.70 and a two-hundred day simple moving average of C$25.42. SmartCentres Real Estate Investment Trst has a 12 month low of C$23.18 and a 12 month high of C$27.50.

SmartCentres Real Estate Investment Trst Company Profile

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.