National Bankshares Issues Positive Forecast for SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price

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 - Get Free Report) had its target price upped by stock analysts at National Bankshares from C$25.00 to C$25.25 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' target price would indicate a potential downside of 2.25% from the stock's previous close.

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

SmartCentres Real Estate Investment Trst Stock Down 0.2%

Shares of SRU.UN stock traded down C$0.05 on Monday, hitting C$25.83. The company's stock had a trading volume of 302,586 shares, compared to its average volume of 302,874. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$23.18 and a fifty-two week high of C$27.50. The firm's fifty day moving average price is C$25.64 and its 200-day moving average price is C$25.37. The stock has a market capitalization of C$3.74 billion, a price-to-earnings ratio of 15.75 and a beta of 1.25.

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.

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