Brokerages Set SmartCentres Real Estate Investment Trst (SRU.UN) Target Price at $32.42

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Shares of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) have been assigned a consensus rating of “Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$32.42.

SRU.UN has been the subject of a number of research reports. Canaccord Genuity lifted their price target on SmartCentres Real Estate Investment Trst from C$30.00 to C$31.00 in a research note on Monday, August 13th. Raymond James downgraded SmartCentres Real Estate Investment Trst from an “outperform” rating to a “market perform” rating and set a C$32.00 price target for the company. in a research note on Monday, August 13th. Finally, National Bank Financial downgraded SmartCentres Real Estate Investment Trst from an “outperform” rating to a “sector perform” rating and set a C$32.00 price target for the company. in a research note on Wednesday, August 22nd.

Shares of TSE:SRU.UN opened at C$30.64 on Friday. SmartCentres Real Estate Investment Trst has a fifty-two week low of C$28.56 and a fifty-two week high of C$33.30.

About SmartCentres Real Estate Investment Trst

SmartCentres Real Estate Investment Trust, formerly Smart REIT, is a Canada-based real estate investment trust. The Company owns and manages approximately 30 million square feet in value-oriented, principally Walmart-anchored retail centers, having national and regional retailers as well as neighborhood merchants.

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

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