Scotia Boosts SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$28.50

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price raised by stock analysts at Scotia from C$27.50 to C$28.50 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotia’s target price indicates a potential upside of 0.35% from the company’s current price.

Separately, National Bank Financial lifted their price target on SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the stock a “sector perform” rating in a research note on Friday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, SmartCentres Real Estate Investment Trst has a consensus rating of “Hold” and an average target price of C$28.25.

SmartCentres Real Estate Investment Trst Stock Performance

Shares of SmartCentres Real Estate Investment Trst stock remained flat at C$28.40 on Friday. 211,273 shares of the stock traded hands, compared to its average volume of 354,847. SmartCentres Real Estate Investment Trst has a 12-month low of C$25.01 and a 12-month high of C$28.82. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88. The company has a market capitalization of C$4.84 billion, a P/E ratio of 19.23 and a beta of 0.81. The company’s 50-day simple moving average is C$27.55 and its 200-day simple moving average is C$26.85.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres Real Estate Investment Trust is a canadian fully integrated commercial and residential REITs, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under it’s wholly-owned residential sub-brand, SmartLiving.