Brokerages Set SmartCentres Real Estate Investment Trst (TSE:SRU.UN) PT at C$33.39

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UNGet Rating) have earned an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$33.39.

A number of research analysts have weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$33.00 to C$33.50 in a research report on Thursday, February 17th. TD Securities boosted their target price on shares of SmartCentres Real Estate Investment Trst from C$32.00 to C$33.00 and gave the company a “hold” rating in a research note on Thursday, February 17th. Royal Bank of Canada upped their price target on shares of SmartCentres Real Estate Investment Trst from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 22nd. Finally, BMO Capital Markets upped their price objective on shares of SmartCentres Real Estate Investment Trst from C$32.00 to C$33.00 in a report on Thursday, February 17th.

Shares of TSE SRU.UN traded up C$0.20 during midday trading on Wednesday, reaching C$32.58. 69,278 shares of the stock were exchanged, compared to its average volume of 335,908. The company has a market capitalization of C$5.54 billion and a P/E ratio of 5.66. SmartCentres Real Estate Investment Trst has a 52-week low of C$27.69 and a 52-week high of C$33.48. The company has a current ratio of 0.16, a quick ratio of 0.11 and a debt-to-equity ratio of 83.44. The stock has a 50 day moving average price of C$32.20 and a 200-day moving average price of C$31.50.

SmartCentres Real Estate Investment Trst Company Profile (Get Rating)

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.

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Analyst Recommendations for SmartCentres Real Estate Investment Trst (TSE:SRU.UN)

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