SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Given New C$28.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised its price target on SmartCentres Real Estate Investment Trst to C$28.00 (from C$27.10) while maintaining a "sector perform" rating; the new target implies roughly a 1.41% downside from the prior close.
• Shares were flat at C$28.40 on Friday with volume of 211,273 (below the 354,847 average); the REIT has a market cap of C$4.84 billion, a P/E of 19.23 and a 12‑month range of C$25.01–C$28.82.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) had its price target lifted by research analysts at National Bank Financial from C$27.10 to C$28.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bank Financial's price target would suggest a potential downside of 1.41% from the stock's previous close.

SmartCentres Real Estate Investment Trst Price Performance

Shares of SmartCentres Real Estate Investment Trst stock remained flat at C$28.40 during trading on Friday. The company had a trading volume of 211,273 shares, compared to its average volume of 354,847. The business's 50-day simple moving average is C$27.55 and its 200 day simple moving average is C$26.85. SmartCentres Real Estate Investment Trst has a 12-month low of C$25.01 and a 12-month high of C$28.82. The firm has a market capitalization of C$4.84 billion, a P/E ratio of 19.23 and a beta of 0.81. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88.

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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