Allied Properties Real Estate Investment (TSE: AP.UN) has achieved a consensus “Buy” rating from the ten brokerages currently hedging the stock, Marketbeat reports. Nine equity research analysts rated the stock with a buy rating. The one-year average price target among brokerage firms that reported on the stock in the past year is C $ 51.67.
AP.UN has been the subject of a number of recent research reports. CIBC increased its target price on the shares of Allied Properties Real Estate Investment to Cdn $ 53.00 and rated the stock “outperforming” in a report released on Thursday, October 28. National Bank Financial raised its target price on the shares of Allied Properties Real Estate Investment to Cdn $ 52.00 and assigned the stock an “outperformance” rating in a report released on Thursday, October 28. BMO Capital Markets raised its target price on the shares of Allied Properties Real Estate Investment from C $ 48.00 to C $ 49.00 and rated the stock “outperform” in a report released on Thursday October 28. Scotiabank increased its price target on Allied Properties Real Estate Investment from C $ 52.50 to C $ 53.00 in a research note on Friday, October 29. Finally, Raymond James reaffirmed an “outperformance” rating and set a price target of C $ 52.00 on Allied Properties Real Estate Investment shares in a research note on Wednesday, October 27.
AP.UN shares traded down C $ 0.05 on Friday, reaching C $ 43.35. The stock had a trading volume of 22,671 shares, compared to its average volume of 250,789. The company has a quick ratio of 0.26, a current ratio of 1.12, and a leverage ratio of 54, 77. The company has a 50-day moving average price of CA $ 43.01 and a 200-day moving average price of CA $ 43.71. The company has a market capitalization of 5.52 billion Canadian dollars and a PE ratio of 15.05. Allied Properties Real Estate Investment has a one-year low of C $ 35.40 and a one-year high of C $ 46.55.
About the Allied Properties real estate investment
Allied is a leading owner, manager and developer of (i) distinctive urban workspaces in major cities across Canada and (ii) dense network urban data centers in Toronto that form Canada’s hub for global connectivity. Allied’s business provides knowledge-based organizations with distinctive urban environments for creativity and connectivity.
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