BMO Capital Markets Forecasts Strong Price Appreciation for SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective upped by equities research analysts at BMO Capital Markets from C$25.50 to C$27.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 5.88% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. CIBC raised their price target on SmartCentres Real Estate Investment Trst from C$28.00 to C$29.00 in a report on Friday. National Bankshares raised their price target on SmartCentres Real Estate Investment Trst from C$23.50 to C$26.00 in a report on Wednesday, October 9th. Finally, TD Securities raised SmartCentres Real Estate Investment Trst from a “hold” rating to a “buy” rating and raised their price target for the company from C$26.00 to C$28.00 in a report on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$26.92.

SmartCentres Real Estate Investment Trst Stock Up 1.6 %

Shares of TSE:SRU.UN traded up C$0.39 during midday trading on Monday, hitting C$25.50. The stock had a trading volume of 152,251 shares, compared to its average volume of 266,806. SmartCentres Real Estate Investment Trst has a 12 month low of C$21.50 and a 12 month high of C$27.50. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88. The business’s 50-day simple moving average is C$25.90 and its 200-day simple moving average is C$24.21. The company has a market cap of C$3.69 billion, a P/E ratio of 15.55 and a beta of 1.25.

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.