Brokerages Set Allied Properties Real Estate Investment (TSE:AP.UN) PT at C$50.17

Allied Properties Real Estate Investment (TSE:AP.UN) has received a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$50.17.

Several equities analysts have weighed in on the company. Raymond James restated an “outperform” rating and set a C$52.00 price target on shares of Allied Properties Real Estate Investment in a report on Wednesday, July 28th. National Bankshares increased their price objective on shares of Allied Properties Real Estate Investment from C$44.50 to C$49.50 in a research report on Monday, July 19th. CIBC boosted their target price on shares of Allied Properties Real Estate Investment to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. Canaccord Genuity lifted their price target on Allied Properties Real Estate Investment to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a C$50.00 price objective on shares of Allied Properties Real Estate Investment in a research report on Tuesday, July 27th.

AP.UN opened at C$41.39 on Monday. The company has a market capitalization of C$5.27 billion and a PE ratio of 15.93. The firm has a 50-day simple moving average of C$42.27 and a two-hundred day simple moving average of C$43.44. The company has a quick ratio of 0.29, a current ratio of 0.39 and a debt-to-equity ratio of 50.42. Allied Properties Real Estate Investment has a 52 week low of C$31.50 and a 52 week high of C$46.55.

About Allied Properties Real Estate Investment

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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