SmartCentres Real Estate Investment Trst (SRU.UN) Given Market Perform Rating at BMO Capital Markets

SmartCentres Real Estate Investment Trst (TSE:SRU.UN)‘s stock had its “market perform” rating reaffirmed by analysts at BMO Capital Markets in a report issued on Monday. They currently have a C$33.00 price target on the stock. BMO Capital Markets’ price target would suggest a potential downside of 2.16% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Royal Bank of Canada lowered shares of SmartCentres Real Estate Investment Trst from a “top pick” rating to an “outperform” rating and set a C$36.00 price objective on the stock. in a research note on Wednesday, February 6th. National Bank Financial increased their price target on shares of SmartCentres Real Estate Investment Trst from C$32.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 31st. TD Securities increased their price target on shares of SmartCentres Real Estate Investment Trst from C$31.00 to C$32.00 and gave the stock a “hold” rating in a research note on Thursday, January 24th. Finally, Desjardins restated an “average” rating and set a C$34.00 price target on shares of SmartCentres Real Estate Investment Trst in a research note on Wednesday, December 19th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. SmartCentres Real Estate Investment Trst presently has an average rating of “Hold” and a consensus target price of C$33.06.

Shares of SRU.UN opened at C$33.73 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. The company has a quick ratio of 0.08, a current ratio of 0.18 and a debt-to-equity ratio of 83.34. The stock has a market cap of $4.53 billion and a PE ratio of 13.54.

About SmartCentres Real Estate Investment Trst

SmartCentres is one of Canada's largest real estate investment trusts with total assets of approximately $9.4 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.

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Analyst Recommendations for SmartCentres Real Estate Investment Trst (TSE:SRU.UN)

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