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SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Share Price Crosses Above 50 Day Moving Average - What's Next?

SmartCentres Real Estate Investment Trst logo with Real Estate background

Key Points

  • SmartCentres Real Estate Investment Trust's share price has crossed above its fifty-day moving average of C$26.06, trading as high as C$26.80 recently.
  • Royal Bank of Canada raised its target price for SmartCentres from C$28.00 to C$29.00, contributing to a consensus rating of "Moderate Buy" with an average target price of C$27.63.
  • The company operates approximately 174 properties across Canada and is focused on developing mixed-use communities through its SmartLiving brand.
  • Five stocks to consider instead of SmartCentres Real Estate Investment Trst.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$26.06 and traded as high as C$26.80. SmartCentres Real Estate Investment Trst shares last traded at C$26.78, with a volume of 278,475 shares.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. National Bankshares raised their price target on SmartCentres Real Estate Investment Trst from C$25.00 to C$25.25 and gave the company a "sector perform" rating in a research report on Monday, August 11th. Royal Bank Of Canada lifted their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Finally, Scotiabank lifted their target price 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 report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$27.63.

Read Our Latest Research Report on SmartCentres Real Estate Investment Trst

SmartCentres Real Estate Investment Trst Price Performance

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 business has a 50-day moving average of C$26.14 and a 200 day moving average of C$25.64. The firm has a market capitalization of C$4.58 billion, a P/E ratio of 19.89 and a beta of 0.87.

About SmartCentres Real Estate Investment Trst

(Get Free Report)

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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