Desjardins Boosts Allied Properties Real Estate Investment (AP.UN) Price Target to C$49.00

Allied Properties Real Estate Investment (TSE:AP.UN) had its price target lifted by analysts at Desjardins from C$47.00 to C$49.00 in a research report issued on Thursday. Desjardins’ price objective would suggest a potential upside of 9.38% from the stock’s current price.

AP.UN has been the subject of a number of other reports. National Bank Financial set a C$47.00 target price on shares of Allied Properties Real Estate Investment and gave the stock an “outperform” rating in a report on Tuesday, September 18th. TD Securities upped their target price on Allied Properties Real Estate Investment from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. Royal Bank of Canada upped their target price on Allied Properties Real Estate Investment from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Monday, November 12th. Finally, CIBC upped their target price on Allied Properties Real Estate Investment from C$44.00 to C$46.00 in a research report on Thursday, September 27th. Six analysts have rated the stock with a buy rating, Allied Properties Real Estate Investment has a consensus rating of “Buy” and a consensus target price of C$46.89.

Shares of TSE:AP.UN traded down C$0.23 on Thursday, hitting C$44.80. 72,238 shares of the company’s stock were exchanged, compared to its average volume of 139,864. Allied Properties Real Estate Investment has a 12 month low of C$35.76 and a 12 month high of C$42.41.

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.

Further Reading: What type of investment options does a Roth IRA provide?

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

Receive News & Ratings for Allied Properties Real Estate Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Properties Real Estate Investment and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply