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

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price upped by BMO Capital Markets from C$25.50 to C$27.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Other analysts have also issued research reports about the company. National Bankshares upped their target price on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. TD Securities upgraded SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and increased their price objective for the company from C$26.00 to C$28.00 in a report on Monday. Finally, CIBC increased their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$27.08.

SmartCentres Real Estate Investment Trst Trading Down 0.3 %

SRU.UN opened at C$25.18 on Monday. The stock has a market cap of C$3.64 billion, a price-to-earnings ratio of 15.41 and a beta of 1.25. The stock’s 50 day moving average price is C$25.86 and its 200-day moving average price is C$24.27. SmartCentres Real Estate Investment Trst has a one year low of C$21.50 and a one year high of C$27.50. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17.

About SmartCentres Real Estate Investment Trst

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.