Allied Properties Real Estate Investment (TSE:AP.UN) Given New C$20.00 Price Target at TD Securities

Allied Properties Real Estate Investment (TSE:AP.UN) had its price target reduced by equities research analysts at TD Securities from C$21.00 to C$20.00 in a research note issued on Wednesday, BayStreet.CA reports. TD Securities’ target price points to a potential upside of 16.21% from the stock’s current price.

Several other analysts have also issued reports on AP.UN. National Bankshares cut their price target on Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an “outperform” rating for the company in a report on Sunday, February 4th. Raymond James decreased their target price on Allied Properties Real Estate Investment from C$20.00 to C$19.25 in a research report on Wednesday, March 13th. Canaccord Genuity Group decreased their target price on Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Scotiabank decreased their price objective on Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating on the stock in a research report on Tuesday, March 12th. Finally, Royal Bank of Canada decreased their price objective on Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Friday, February 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$20.22.

Allied Properties Real Estate Investment Stock Performance

Shares of AP.UN traded down C$0.14 during trading hours on Wednesday, hitting C$17.21. The stock had a trading volume of 184,147 shares, compared to its average volume of 470,342. The company has a debt-to-equity ratio of 60.48, a current ratio of 0.73 and a quick ratio of 0.12. Allied Properties Real Estate Investment has a 12 month low of C$15.01 and a 12 month high of C$24.42. The firm has a market capitalization of C$2.20 billion, a PE ratio of -4.38 and a beta of 1.16. The stock has a fifty day moving average price of C$17.42 and a 200 day moving average price of C$18.11.

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.