Brokerages Set Allied Properties Real Estate Investment (AP.UN) Price Target at $40.61

Allied Properties Real Estate Investment (TSE:AP.UN) has received an average recommendation of “Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$40.61.

Several research analysts have recently issued reports on the company. TD Securities raised their price objective on Allied Properties Real Estate Investment from C$40.00 to C$43.00 and gave the stock a “buy” rating in a research note on Thursday, June 29th. Scotiabank raised their price objective on Allied Properties Real Estate Investment from C$39.50 to C$41.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. CIBC raised their price objective on Allied Properties Real Estate Investment from C$38.50 to C$42.00 in a research note on Friday, August 4th. Royal Bank Of Canada raised their price objective on Allied Properties Real Estate Investment from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Raymond James Financial, Inc. reduced their price objective on Allied Properties Real Estate Investment from C$45.00 to C$40.00 and set an “outperform” rating for the company in a research note on Tuesday, August 8th.

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Allied Properties Real Estate Investment Company Profile

Allied Properties Real Estate Investment Trust is a closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in nine urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Quebec City, Winnipeg, Calgary, Edmonton and Vancouver.

Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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