SmartCentres Real Estate Investment Trst (SRU.UN) Price Target Raised to C$35.00 at National Bank Financial

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective increased by National Bank Financial from C$33.00 to C$35.00 in a research report report published on Wednesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other brokerages also recently commented on SRU.UN. Desjardins reiterated an average rating and issued a C$34.00 target price on shares of SmartCentres Real Estate Investment Trst in a report on Wednesday, December 19th. TD Securities increased their target price on shares of SmartCentres Real Estate Investment Trst from C$31.00 to C$32.00 and gave the company a hold rating in a report on Thursday, January 24th. Royal Bank of Canada downgraded shares of SmartCentres Real Estate Investment Trst from a top pick rating to an outperform rating and set a C$36.00 target price for the company. in a report on Wednesday, February 6th. BMO Capital Markets reiterated a market perform rating and issued a C$33.00 target price on shares of SmartCentres Real Estate Investment Trst in a report on Monday, February 11th. Finally, CIBC increased their target price on shares of SmartCentres Real Estate Investment Trst from C$34.00 to C$36.00 in a report on Thursday, February 14th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of C$33.83.

SmartCentres Real Estate Investment Trst stock opened at C$33.87 on Wednesday. SmartCentres Real Estate Investment Trst has a 1-year low of C$28.56 and a 1-year high of C$33.30. The firm has a market capitalization of $4.57 billion and a price-to-earnings ratio of 13.59. The company has a debt-to-equity ratio of 83.34, a quick ratio of 0.08 and a current ratio of 0.18.

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.

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