SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$23.83 and traded as low as C$22.80. SmartCentres Real Estate Investment Trst shares last traded at C$23.12, with a volume of 260,782 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Scotiabank cut their price target on shares of SmartCentres Real Estate Investment Trst from C$25.50 to C$25.00 and set a “sector perform” rating for the company in a report on Wednesday, February 21st. BMO Capital Markets increased their price target on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$24.50 and gave the company a “market perform” rating in a report on Wednesday, February 28th. Royal Bank of Canada dropped their target price on shares of SmartCentres Real Estate Investment Trst from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Finally, National Bankshares increased their price target on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$27.00.
Check Out Our Latest Research Report on SmartCentres Real Estate Investment Trst
SmartCentres Real Estate Investment Trst Trading Up 0.5 %
SmartCentres Real Estate Investment Trst Company Profile
SmartCentres is one of Canada's largest real estate investment trusts with total assets of approximately $9.5 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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