SmartCentres (SRU.UN) Price Target Cut to C$33.00

SmartCentres (TSE:SRU.UN) had its price target decreased by equities research analysts at Desjardins from C$34.00 to C$33.00 in a research report issued on Monday. Desjardins’ target price points to a potential upside of 16.69% from the company’s current price.

Several other equities analysts have also issued reports on the company. Raymond James lowered their price target on SmartCentres from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research report on Friday. National Bank Financial reduced their price objective on SmartCentres from C$34.00 to C$32.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Scotiabank reduced their price objective on SmartCentres from C$35.00 to C$34.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$32.93.

Shares of SmartCentres traded down C$0.38, hitting C$28.28, during trading hours on Monday, according to Marketbeat. The company had a trading volume of 149,875 shares, compared to its average volume of 241,912. SmartCentres has a 52-week low of C$28.56 and a 52-week high of C$33.30.

About SmartCentres

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.

Analyst Recommendations for SmartCentres (TSE:SRU.UN)

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