Allied Properties Real Estate Investment (TSE:AP.UN) Given Consensus Rating of “Buy” by Brokerages
Allied Properties Real Estate Investment (TSE: AP.UN) received a consensus rating of “Buy” from the ten brokers currently covering the stock, Marketbeat reports. Nine research analysts for stocks have given the stock a buy rating. The average 1 year target price among brokers who reported on the stock last year is $ 51.67.
AP.UN has been the subject of a number of recent research reports. CIBC raised its price target for the shares of Allied Properties Real Estate Investment to 53.00 CAD and rated the share as “outperform” in a report dated Thursday, October 28th. National Bank Financial raised its target price on the shares of Allied Properties Real Estate Investment to CAD 52.00 and rated the shares as “outperform” in a report dated Thursday, October 28th. BMO Capital Markets raised its price target for the shares of Allied Properties Real Estate Investment from 48.00 CAD to 49.00 CAD and rated the share as “outperform” in a report on Thursday, October 28th. Scotiabank raised its target price on Allied Properties Real Estate Investment from $ 52.50 to $ 53.00 in a research note on Friday, October 29th. Finally, in a research release on Wednesday, October 27th, Raymond James reiterated an “outperform” rating and set a price target of CAD 52.00 for shares of Allied Properties Real Estate Investment.
The shares of AP.UN stock traded at C $ 0.05 on Friday, reaching C $ 43.35. The stock had a trading volume of 22,671 shares, compared with an average volume of 250,789. The company has a quick ratio of 0.26, a current ratio of 1.12, and debt of 54.77. The company has a 50-day moving average price of $ 43.01 and a 200-day moving average price of $ 43.71. The company has a market capitalization of $ 5.52 billion and a P / E ratio of 15.05. Allied Properties Real Estate Investment has an annual low of $ 35.40 and an annual high of $ 46.55.
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About Allied Properties Real Estate Investment
Allied is a leading owner, manager and developer of (i) distinctive urban workplaces in Canada’s major cities and (ii) high-density urban data centers in Toronto that are Canada’s hub for global connectivity. Allied’s business provides knowledge-based organizations with distinctive urban environments for creativity and connectivity.
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