Royal Bank Of Canada Boosts SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Price Target to C$31.00

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price objective hoisted by equities researchers at Royal Bank Of Canada from C$30.00 to C$31.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 9.70% from the company’s current price.

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

SmartCentres Real Estate Investment Trst Trading Up 1.1%

Shares of SmartCentres Real Estate Investment Trst stock traded up C$0.31 during mid-day trading on Thursday, hitting C$28.26. 197,550 shares of the stock were exchanged, compared to its average volume of 350,649. SmartCentres Real Estate Investment Trst has a twelve month low of C$25.01 and a twelve month high of C$28.82. The stock has a market capitalization of C$4.82 billion, a price-to-earnings ratio of 13.20 and a beta of 0.81. The company has a 50-day simple moving average of C$27.58 and a 200 day simple moving average of C$26.89. The company has a current ratio of 0.17, a quick ratio of 0.10 and a debt-to-equity ratio of 80.88.

About SmartCentres Real Estate Investment Trst

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.