Royal Bank Of Canada 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 increased by equities researchers at Royal Bank Of Canada from C$30.00 to C$31.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 10.36% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Scotia lifted their price objective on SmartCentres Real Estate Investment Trst from C$27.50 to C$28.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. National Bank Financial lifted their price objective on SmartCentres Real Estate Investment Trst from C$27.10 to C$28.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, SmartCentres Real Estate Investment Trst has an average rating of “Hold” and an average price target of C$28.75.

SmartCentres Real Estate Investment Trst Trading Down 0.1%

SmartCentres Real Estate Investment Trst stock opened at C$28.09 on Thursday. The company has a debt-to-equity ratio of 80.88, a quick ratio of 0.10 and a current ratio of 0.17. The business’s 50-day simple moving average is C$27.61 and its 200-day simple moving average is C$26.91. The firm has a market capitalization of C$4.79 billion, a PE ratio of 13.12 and a beta of 0.81. SmartCentres Real Estate Investment Trst has a 52 week low of C$25.01 and a 52 week high of C$28.82.

SmartCentres Real Estate Investment Trst Company Profile

SmartCentres Real Estate Investment Trust is a canadian fully integrated commercial and residential REITs, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under it’s wholly-owned residential sub-brand, SmartLiving.