SmartCentres Real Estate Investment Trst (TSE:SRU.UN – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$26.36 and last traded at C$26.36, with a volume of 74342 shares changing hands. The stock had previously closed at C$26.28.
Analysts Set New Price Targets
A number of research firms have recently weighed in on SRU.UN. BMO Capital Markets cut their price target on shares of SmartCentres Real Estate Investment Trst from C$24.50 to C$23.50 in a report on Friday, May 17th. Scotiabank cut their price target on shares of SmartCentres Real Estate Investment Trst from C$25.00 to C$24.50 and set a “sector perform” rating on the stock in a report on Thursday, May 16th. Royal Bank of Canada cut their price target on shares of SmartCentres Real Estate Investment Trst from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a report on Wednesday, May 15th. Finally, TD Securities raised their price target on shares of SmartCentres Real Estate Investment Trst from C$24.00 to C$26.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$25.86.
Read Our Latest Stock Report on SRU.UN
SmartCentres Real Estate Investment Trst Stock Performance
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.
See Also
- Five stocks we like better than SmartCentres Real Estate Investment Trst
- Consumer Discretionary Stocks Explained
- Goldilocks CPI Report Leads Market to Sell Off, Lower Lows Ahead
- Most active stocks: Dollar volume vs share volume
- GameStop: Earnings Won’t Save It, Dilution Points to Trouble
- Transportation Stocks Investing
- Dividend Aristocrats or Dividend Kings: Which Is Best for You?
Receive News & Ratings for SmartCentres Real Estate Investment Trst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SmartCentres Real Estate Investment Trst and related companies with MarketBeat.com's FREE daily email newsletter.