SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UNGet Free Report) have received a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$27.14.

A number of brokerages recently commented on SRU.UN. BMO Capital Markets set a C$24.00 target price on SmartCentres Real Estate Investment Trst and gave the company a “market perform” rating in a research note on Thursday, November 30th. National Bankshares lifted their target price on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Monday, January 29th. Scotiabank dropped their price target on shares of SmartCentres Real Estate Investment Trst from C$30.00 to C$25.50 and set a “sector perform” rating for the company in a research report on Friday, November 17th. CIBC decreased their price objective on SmartCentres Real Estate Investment Trst from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, Royal Bank of Canada dropped their target price on SmartCentres Real Estate Investment Trst from C$31.00 to C$29.00 and set an “outperform” rating for the company in a report on Thursday, November 16th.

Read Our Latest Stock Analysis on SRU.UN

SmartCentres Real Estate Investment Trst Stock Performance

Shares of TSE SRU.UN opened at C$24.28 on Tuesday. SmartCentres Real Estate Investment Trst has a 12 month low of C$20.67 and a 12 month high of C$27.90. The company has a market cap of C$3.51 billion, a P/E ratio of 8.52 and a beta of 1.24. The business’s 50 day moving average is C$24.68 and its two-hundred day moving average is C$23.90. The company has a quick ratio of 0.10, a current ratio of 0.26 and a debt-to-equity ratio of 78.80.

About SmartCentres Real Estate Investment Trst

(Get Free Report

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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