SmartCentres Real Estate Investment Trst (SRU.UN) Given Average Recommendation of “Hold” by Analysts

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) has been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$33.81.

SRU.UN has been the topic of several research reports. Desjardins reaffirmed an “average” rating and set a C$34.00 price objective on shares of SmartCentres Real Estate Investment Trst in a research report on Wednesday, December 19th. National Bank Financial reaffirmed a “sector perform” rating and set a C$32.00 price objective on shares of SmartCentres Real Estate Investment Trst in a research report on Tuesday, January 15th. TD Securities lifted their price objective on SmartCentres Real Estate Investment Trst from C$31.00 to C$32.00 and gave the company a “hold” rating in a research report on Thursday, January 24th. Royal Bank of Canada cut 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 report on Wednesday, February 6th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$33.00 target price on shares of SmartCentres Real Estate Investment Trst in a report on Monday, February 11th.

Shares of TSE SRU.UN traded down C$0.19 during trading hours on Friday, hitting C$34.07. The company’s stock had a trading volume of 71,034 shares, compared to its average volume of 241,912. The company has a debt-to-equity ratio of 83.34, a current ratio of 0.18 and a quick ratio of 0.08. The stock has a market capitalization of $4.57 billion and a PE ratio of 13.67. 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 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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