Allied Properties Real Estate Investment (TSE:AP.UN) PT Raised to C$52.00 at CIBC

Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective boosted by equities researchers at CIBC from C$51.00 to C$52.00 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 4.31% from the company’s current price.

A number of other research firms have also recently weighed in on AP.UN. BMO Capital Markets upped their price target on Allied Properties Real Estate Investment from C$50.00 to C$51.00 and gave the stock an “average” rating in a report on Thursday, June 20th. TD Securities upped their price target on Allied Properties Real Estate Investment from C$54.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday. National Bank Financial restated an “outperform” rating and issued a C$53.00 price target on shares of Allied Properties Real Estate Investment in a report on Friday, June 21st. Raymond James restated an “outperform” rating and issued a C$53.00 price target on shares of Allied Properties Real Estate Investment in a report on Monday, June 24th. Finally, Royal Bank of Canada upped their price target on Allied Properties Real Estate Investment from C$52.00 to C$53.00 in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$51.53.

Shares of AP.UN traded up C$0.18 on Friday, reaching C$49.85. The stock had a trading volume of 141,690 shares, compared to its average volume of 139,864. The stock has a market cap of $5.15 billion and a price-to-earnings ratio of 8.42. The company has a debt-to-equity ratio of 43.49, a current ratio of 0.58 and a quick ratio of 0.34. The company’s 50-day moving average is C$48.27. Allied Properties Real Estate Investment has a twelve month low of C$41.14 and a twelve month high of C$50.01.

Allied Properties Real Estate Investment Company Profile

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres 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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Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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