Today: Smart REIT (SRU.UN) Given Average Recommendation of “Hold” by Brokerages

Today: Smart REIT (SRU.UN) Given Average Recommendation of “Hold” by Brokerages

Smart REIT (TSE:SRU.UN) has been given an average rating of “Hold” by the nine analysts that are covering the company. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$36.32.

Several research firms have issued reports on SRU.UN. Desjardins upgraded Smart REIT from a “hold” rating to a “buy” rating in a research note on Monday. BMO Capital Markets lifted their target price on Smart REIT from C$33.25 to C$35.75 in a research note on Monday, August 8th. Canaccord Genuity cut their target price on Smart REIT from C$36.00 to C$35.00 and set a “hold” rating on the stock in a research note on Friday, November 4th. Scotiabank reiterated a “sector perform” rating and issued a C$37.50 target price on shares of Smart REIT in a research note on Friday, August 5th. Finally, TD Securities boosted their price target on Smart REIT from C$34.00 to C$35.00 and gave the stock a “hold” rating in a research note on Monday, August 8th.

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