SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$26.36 and last traded at C$26.36, with a volume of 74342 shares. The stock had previously closed at C$26.28.
Analysts Set New Price Targets
A number of research firms have recently commented on SRU.UN. Scotiabank cut their price objective on SmartCentres Real Estate Investment Trst from C$25.00 to C$24.50 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. TD Securities raised their price target on shares of 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. Finally, BMO Capital Markets cut their price objective on SmartCentres Real Estate Investment Trst from C$24.50 to C$23.50 in a research note on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$25.86.
View Our Latest Research Report on SRU.UN
SmartCentres Real Estate Investment Trst Stock Performance
SmartCentres Real Estate Investment Trst Company Profile
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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