Shares of Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$38.34.
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Several brokerages have commented on AP.UN. TD Securities lifted their price target on Allied Properties Real Estate Investment from C$31.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. CIBC dropped their price target on Allied Properties Real Estate Investment from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Thursday, February 2nd. Finally, Raymond James lowered their price objective on Allied Properties Real Estate Investment from C$38.50 to C$36.50 and set an “outperform” rating on the stock in a research report on Friday, February 3rd.
Allied Properties Real Estate Investment Stock Up 0.8 %
Shares of AP.UN stock opened at C$28.55 on Monday. The stock’s 50 day simple moving average is C$28.05 and its 200 day simple moving average is C$28.33. The company has a debt-to-equity ratio of 61.34, a quick ratio of 0.12 and a current ratio of 2.20. Allied Properties Real Estate Investment has a twelve month low of C$24.77 and a twelve month high of C$48.89. The company has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 23.21 and a beta of 0.99.
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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