Scotiabank Issues Positive Forecast for SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target boosted by analysts at Scotiabank from C$26.00 to C$26.75 in a report released on Monday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 4.09% from the stock’s previous close.

Separately, National Bankshares lifted their price objective on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$25.00 in a research report on Monday.

SmartCentres Real Estate Investment Trst Stock Up 0.7%

TSE SRU.UN traded up C$0.18 on Monday, reaching C$25.70. The company had a trading volume of 235,968 shares, compared to its average volume of 320,348. SmartCentres Real Estate Investment Trst has a 52-week low of C$21.50 and a 52-week high of C$27.50. The stock has a market capitalization of C$3.72 billion, a P/E ratio of 15.67 and a beta of 1.25. The company’s fifty day moving average is C$25.14 and its 200 day moving average is C$25.07. The company has a quick ratio of 0.10, a current ratio of 0.17 and a debt-to-equity ratio of 80.88.

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.