Analysts Set Allied Properties Real Estate Investment (TSE:AP.UN) Target Price at C$50.65
Shares of Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$50.65.
Several research firms recently issued reports on AP.UN. TD Securities dropped their price target on Allied Properties Real Estate Investment from C$53.00 to C$52.00 and set a “buy” rating on the stock in a research report on Friday, April 29th. CIBC dropped their price target on Allied Properties Real Estate Investment from C$50.00 to C$47.50 in a research report on Monday, June 27th. Canaccord Genuity Group lowered Allied Properties Real Estate Investment to a “hold” rating and set a C$48.00 price target on the stock. in a research report on Wednesday, April 6th. Finally, Raymond James set a C$53.00 target price on Allied Properties Real Estate Investment and gave the stock an “outperform” rating in a research report on Thursday, April 28th.
Insider Transactions at Allied Properties Real Estate Investment
In other Allied Properties Real Estate Investment news, Senior Officer Hugh Fletcher Clark purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, June 16th. The stock was bought at an average price of C$33.64 per share, with a total value of C$235,480.00. Following the completion of the purchase, the insider now owns 27,415 shares in the company, valued at approximately C$922,240.60. In other news, Director Gordon R. Cunningham sold 1,500 shares of the stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of C$41.00, for a total value of C$61,500.00. Following the completion of the transaction, the director now owns 16,445 shares of the company’s stock, valued at C$674,245. Also, Senior Officer Hugh Fletcher Clark bought 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 16th. The shares were purchased at an average cost of C$33.64 per share, with a total value of C$235,480.00. Following the purchase, the insider now directly owns 27,415 shares of the company’s stock, valued at C$922,240.60.
Allied Properties Real Estate Investment Stock Performance
AP.UN stock opened at C$32.19 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.13 and a debt-to-equity ratio of 55.19. The firm has a market cap of C$4.12 billion and a P/E ratio of 7.42. Allied Properties Real Estate Investment has a 12-month low of C$32.03 and a 12-month high of C$48.89. The stock’s 50 day simple moving average is C$36.11 and its 200 day simple moving average is C$41.59.
Allied Properties Real Estate Investment Company Profile
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Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada’s major cities and (ii) network-dense urban data centers in Toronto that form Canada’s hub for global connectivity. Allied’s business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.
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