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December 23, 2024
PI Global Investments
Real Estate

Scotiabank Lowers SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$24.50



SmartCentres Real Estate Investment Trst (TSE:SRU.UNGet Free Report) had its target price cut by equities research analysts at Scotiabank from C$25.00 to C$24.50 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 6.94% from the company’s current price.

Other analysts also recently issued reports about the company. CIBC decreased their price target on SmartCentres Real Estate Investment Trst from C$30.00 to C$28.00 in a research note on Friday, May 10th. National Bankshares reduced their price objective on SmartCentres Real Estate Investment Trst from C$26.00 to C$23.50 and set a “sector perform” rating for the company in a report on Wednesday, April 24th. Royal Bank of Canada reduced their price objective on SmartCentres Real Estate Investment Trst from C$28.00 to C$27.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, BMO Capital Markets lifted their price objective on SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, SmartCentres Real Estate Investment Trst presently has a consensus rating of “Hold” and an average target price of C$26.00.

Check Out Our Latest Stock Report on SRU.UN

SmartCentres Real Estate Investment Trst Trading Down 0.3 %

Shares of SRU.UN stock opened at C$22.91 on Thursday. The business’s 50 day moving average is C$22.75 and its two-hundred day moving average is C$23.59. SmartCentres Real Estate Investment Trst has a twelve month low of C$20.67 and a twelve month high of C$25.89. The company has a market capitalization of C$3.31 billion, a P/E ratio of 9.43 and a beta of 1.24. The company has a current ratio of 0.20, a quick ratio of 0.10 and a debt-to-equity ratio of 78.76.

About SmartCentres Real Estate Investment Trst

(Get Free Report)

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.

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