Scotiabank Trims SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Target Price to C$25.50

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target lowered by Scotiabank from C$30.00 to C$25.50 in a research note released on Friday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Other research analysts also recently issued reports about the company. CIBC lowered their target price on SmartCentres Real Estate Investment Trst from C$31.00 to C$30.00 and set an outperform rating on the stock in a research note on Friday, November 10th. National Bankshares lifted their price objective on SmartCentres Real Estate Investment Trst from C$25.50 to C$27.00 in a report on Monday, August 14th. Royal Bank of Canada reduced their price objective 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. Desjardins set a C$28.50 price objective on SmartCentres Real Estate Investment Trst and gave the stock a hold rating in a report on Wednesday, October 4th. Finally, TD Securities lifted their price objective on SmartCentres Real Estate Investment Trst from C$26.00 to C$27.00 and gave the stock a hold rating in a report on Friday, August 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SmartCentres Real Estate Investment Trst presently has an average rating of Hold and a consensus target price of C$27.83.

SmartCentres Real Estate Investment Trst Price Performance

Shares of TSE SRU.UN opened at C$23.08 on Friday. The stock’s 50-day simple moving average is C$22.89 and its 200-day simple moving average is C$24.14. The firm has a market capitalization of C$3.34 billion, a PE ratio of 8.10 and a beta of 1.19. The company has a debt-to-equity ratio of 78.65, a quick ratio of 0.10 and a current ratio of 0.26. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$20.67 and a fifty-two week high of C$28.85.

SmartCentres Real Estate Investment Trst Company Profile

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.