Analysts Set SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target at C$33.39

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UNGet Rating) have earned an average recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$33.39.

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

Shares of TSE SRU.UN opened at C$32.38 on Wednesday. The company has a debt-to-equity ratio of 83.44, a quick ratio of 0.11 and a current ratio of 0.16. The company has a market cap of C$5.51 billion and a PE ratio of 5.66. The business has a 50-day simple moving average of C$32.16 and a two-hundred day simple moving average of C$31.49. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$27.69 and a fifty-two week high of C$33.48.

About SmartCentres Real Estate Investment Trst (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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