Allied Properties Real Estate Investment (AP.UN) Receives Average Recommendation of “Buy” from Brokerages

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Allied Properties Real Estate Investment (TSE:AP.UN) has earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$45.78.

A number of analysts have recently weighed in on AP.UN shares. National Bank Financial increased their price objective on shares of Allied Properties Real Estate Investment from C$45.75 to C$47.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. Canaccord Genuity increased their price objective on shares of Allied Properties Real Estate Investment from C$42.00 to C$43.25 in a research note on Friday, August 3rd. Raymond James increased their price objective on shares of Allied Properties Real Estate Investment from C$45.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 7th. Royal Bank of Canada raised their price target on shares of Allied Properties Real Estate Investment from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research report on Friday, August 3rd. Finally, BMO Capital Markets restated an “outperform” rating and set a C$46.00 price target on shares of Allied Properties Real Estate Investment in a research report on Tuesday, July 31st.

Shares of TSE:AP.UN traded down C$0.43 during midday trading on Friday, reaching C$45.06. The company’s stock had a trading volume of 150,498 shares, compared to its average volume of 139,864. Allied Properties Real Estate Investment has a twelve month low of C$35.76 and a twelve 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.

Read More: Return on Investment (ROI)

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

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