CIBC Forecasts Strong Price Appreciation for SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price upped by stock analysts at CIBC from C$28.00 to C$29.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 15.95% from the company’s current price.

Several other equities analysts have also recently commented on SRU.UN. BMO Capital Markets raised their price target on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$25.50 in a research report on Monday, October 28th. TD Securities lifted their price target on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Finally, National Bankshares increased their price objective on shares of SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$26.33.

SmartCentres Real Estate Investment Trst Trading Up 0.2 %

TSE:SRU.UN traded up C$0.04 during trading hours on Friday, reaching C$25.01. 138,088 shares of the stock were exchanged, compared to its average volume of 266,627. SmartCentres Real Estate Investment Trst has a twelve month low of C$21.50 and a twelve month high of C$27.50. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The business has a 50-day moving average of C$25.92 and a two-hundred day moving average of C$24.18. The company has a market capitalization of C$3.62 billion, a price-to-earnings ratio of 15.24 and a beta of 1.25.

About SmartCentres Real Estate Investment Trst

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.