SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price Expected to Rise, Scotia Analyst Says

Key Points

• Scotia raised its price target on SmartCentres from C$27.50 to C$28.50 and National Bank Financial raised theirs to C$28.00, with both firms keeping a sector perform rating; Scotia's target implies only about a 0.35% upside from the current price.
• The stock's consensus rating is Hold (one Buy, three Hold) with a consensus target of C$28.25; SRU.UN was trading at C$28.40 midday, with a market cap of C$4.84 billion and a P/E of 19.23.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN - Get Free Report) had its price objective boosted by stock analysts at Scotia from C$27.50 to C$28.50 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotia's target price would indicate a potential upside of 0.35% from the stock's current price.

Separately, National Bank Financial upped their price target on SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the stock a "sector perform" rating in a report on Friday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trst currently has an average rating of "Hold" and a consensus target price of C$28.25.

SmartCentres Real Estate Investment Trst Stock Performance

SRU.UN stock remained flat at C$28.40 during mid-day trading on Friday. The company's stock had a trading volume of 211,273 shares, compared to its average volume of 354,847. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. SmartCentres Real Estate Investment Trst has a 1-year low of C$25.01 and a 1-year high of C$28.82. The business's 50 day moving average price is C$27.55 and its 200 day moving average price is C$26.85. The company has a market capitalization of C$4.84 billion, a P/E ratio of 19.23 and a beta of 0.81.

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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