SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target Raised to C$25.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) had its price objective boosted by equities research analysts at National Bankshares from C$24.00 to C$25.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' price target would suggest a potential downside of 3.62% from the company's previous close.

Separately, Scotiabank boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$26.00 in a research report on Wednesday, February 19th.

SmartCentres Real Estate Investment Trst Stock Up 1.0%

Shares of TSE:SRU.UN traded up C$0.26 during midday trading on Monday, hitting C$25.94. 306,070 shares of the company's stock were exchanged, compared to its average volume of 323,405. The company has a debt-to-equity ratio of 80.88, a current ratio of 0.17 and a quick ratio of 0.10. The stock has a 50 day moving average price of C$25.14 and a 200-day moving average price of C$25.07. The company has a market cap of C$3.75 billion, a PE ratio of 15.82 and a beta of 1.25. SmartCentres Real Estate Investment Trst has a 12 month low of C$21.50 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.