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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective lifted by equities researchers at Scotiabank from C$25.50 to C$26.00 in a report issued on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 1.52% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. CIBC upped their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. TD Securities upgraded shares of SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and upped their target price for the company from C$26.00 to C$28.00 in a research report on Monday, November 18th. Royal Bank of Canada lifted their price objective on SmartCentres Real Estate Investment Trst from C$27.00 to C$28.00 in a research note on Thursday, November 21st. Finally, BMO Capital Markets increased their target price on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, SmartCentres Real Estate Investment Trst has an average rating of “Hold” and an average price target of C$27.33.

SmartCentres Real Estate Investment Trst Price Performance

TSE:SRU.UN traded down C$0.05 during mid-day trading on Wednesday, reaching C$25.61. 196,475 shares of the company were exchanged, compared to its average volume of 289,495. SmartCentres Real Estate Investment Trst has a 12 month low of C$21.50 and a 12 month high of C$27.50. The company has a fifty day moving average of C$24.69 and a 200 day moving average of C$25.19. The stock has a market cap of C$3.71 billion, a PE ratio of 15.62 and a beta of 1.25. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88.

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.