Allied Properties Real Estate Investment (TSE:AP.UN) Receives C$50.17 Average PT from Brokerages

Allied Properties Real Estate Investment (TSE:AP.UN) has earned a consensus rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have covered the stock in the last year is C$50.17.

A number of brokerages recently weighed in on AP.UN. Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$50.00 target price on shares of Allied Properties Real Estate Investment in a research note on Tuesday, July 27th. TD Securities raised their price target on Allied Properties Real Estate Investment to C$53.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. National Bankshares raised their price objective on Allied Properties Real Estate Investment from C$44.50 to C$49.50 in a report on Monday, July 19th. Raymond James reiterated an “outperform” rating and set a C$52.00 price target on shares of Allied Properties Real Estate Investment in a research report on Wednesday, July 28th. Finally, BMO Capital Markets upped their price objective on shares of Allied Properties Real Estate Investment to C$48.00 and gave the company an “outperform” rating in a research note on Wednesday, July 28th.

TSE:AP.UN opened at C$41.39 on Monday. The firm has a market capitalization of C$5.27 billion and a price-to-earnings ratio of 15.93. The company has a debt-to-equity ratio of 50.42, a quick ratio of 0.29 and a current ratio of 0.39. The stock has a fifty day moving average of C$42.27 and a 200 day moving average of C$43.44. 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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