Scotiabank Issues Positive Forecast for SmartCentres Real Estate Investment Trst (TSE:SRU.UN) Stock Price

SmartCentres Real Estate Investment Trst (TSE:SRU.UNFree Report) had its target price boosted by Scotiabank from C$26.75 to C$27.50 in a research report released on Tuesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Separately, National Bankshares raised their price objective on shares of SmartCentres Real Estate Investment Trst from C$25.00 to C$25.25 and gave the stock a “sector perform” rating in a research report on Monday.

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SmartCentres Real Estate Investment Trst Price Performance

SmartCentres Real Estate Investment Trst stock opened at C$26.62 on Tuesday. SmartCentres Real Estate Investment Trst has a 12-month low of C$23.18 and a 12-month high of C$27.50. The stock has a market cap of C$3.85 billion, a P/E ratio of 16.23 and a beta of 1.25. The company has a 50-day moving average price of C$25.68 and a 200 day moving average price of C$25.40. 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

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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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