SmartCentres Real Estate Investment Trst (SRU.UN) Price Target Increased to C$31.00 by Analysts at Canaccord Genuity

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its target price raised by Canaccord Genuity from C$30.00 to C$31.00 in a report published on Monday.

SRU.UN has been the subject of several other reports. Desjardins lowered their target price on SmartCentres Real Estate Investment Trst from C$34.00 to C$33.00 in a research note on Monday, May 14th. Raymond James downgraded SmartCentres Real Estate Investment Trst from an outperform rating to a market perform rating and set a C$32.00 target price for the company. in a research note on Monday. Scotiabank lowered their target price on SmartCentres Real Estate Investment Trst from C$34.00 to C$33.50 and set an outperform rating for the company in a research note on Thursday, May 17th. Finally, National Bank Financial lowered their target price on SmartCentres Real Estate Investment Trst from C$34.00 to C$32.00 and set an outperform rating for the company in a research note on Thursday, May 10th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. SmartCentres Real Estate Investment Trst presently has a consensus rating of Buy and an average target price of C$32.42.

Shares of TSE SRU.UN opened at C$30.76 on Monday. SmartCentres Real Estate Investment Trst has a 12-month low of C$28.56 and a 12-month high of C$33.30.

About SmartCentres Real Estate Investment Trst

SmartCentres Real Estate Investment Trust, formerly Smart REIT, is a Canada-based real estate investment trust. The Company owns and manages approximately 30 million square feet in value-oriented, principally Walmart-anchored retail centers, having national and regional retailers as well as neighborhood merchants.

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