SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Given New C$27.00 Price Target at BMO Capital Markets

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price raised by equities researchers at BMO Capital Markets from C$25.50 to C$27.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 5.88% from the company’s current price.

A number of other analysts also recently weighed in on the stock. CIBC increased their price target on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a research report on Friday. TD Securities upgraded shares of SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and raised their target price for the stock from C$26.00 to C$28.00 in a report on Monday. Finally, National Bankshares raised their target price on shares of SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$26.92.

SmartCentres Real Estate Investment Trst Trading Up 1.6 %

Shares of TSE:SRU.UN traded up C$0.39 during mid-day trading on Monday, reaching C$25.50. The stock had a trading volume of 152,251 shares, compared to its average volume of 266,806. The firm has a market cap of C$3.69 billion, a PE ratio of 15.55 and a beta of 1.25. The firm has a 50 day simple moving average of C$25.90 and a two-hundred day simple moving average of C$24.21. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. SmartCentres Real Estate Investment Trst has a twelve month low of C$21.50 and a twelve month high of C$27.50.

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.