CIBC 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 objective boosted by CIBC from C$28.00 to C$29.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

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

SmartCentres Real Estate Investment Trst Stock Up 0.6 %

TSE:SRU.UN traded up C$0.14 during trading hours on Friday, reaching C$25.11. The company’s stock had a trading volume of 292,300 shares, compared to its average volume of 267,322. The stock has a 50 day moving average price of C$25.90 and a two-hundred day moving average price of C$24.19. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. The company has a market capitalization of C$3.63 billion, a P/E ratio of 15.31 and a beta of 1.25. SmartCentres Real Estate Investment Trst has a 12 month low of C$21.50 and a 12 month high of C$27.50.

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.