National Bankshares Raises SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$26.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective increased by National Bankshares from C$23.50 to C$26.00 in a report issued on Wednesday morning, BayStreet.CA reports.

Separately, TD Securities boosted their price target on 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of C$25.83.

SmartCentres Real Estate Investment Trst Price Performance

Shares of SRU.UN stock opened at C$25.54 on Wednesday. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$20.67 and a fifty-two week high of C$27.50. The firm has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 15.57 and a beta of 1.25. 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 stock’s 50-day simple moving average is C$25.57 and its 200-day simple moving average is C$23.72.

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.