Royal Bank Of Canada Issues Positive Forecast for SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target lifted by Royal Bank Of Canada from C$30.00 to C$31.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 9.70% from the stock’s current price.

A number of other research firms also recently issued reports on SRU.UN. National Bank Financial increased their target price on shares of SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Scotia increased their target price on shares of SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$28.75.

SmartCentres Real Estate Investment Trst Trading Up 1.1%

SRU.UN traded up C$0.31 on Thursday, reaching C$28.26. 197,550 shares of the company’s stock were exchanged, compared to its average volume of 350,649. The company’s 50 day moving average is C$27.58 and its 200-day moving average is C$26.89. The company has a market cap of C$4.82 billion, a price-to-earnings ratio of 13.20 and a beta of 0.81. SmartCentres Real Estate Investment Trst has a twelve month low of C$25.01 and a twelve month high of C$28.82. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17.

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.