TD Securities Raises Allied Properties Real Estate Investment (TSE:AP.UN) Price Target to C$56.00

Allied Properties Real Estate Investment (TSE:AP.UN) had its target price lifted by equities researchers at TD Securities from C$54.00 to C$56.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. TD Securities’ target price points to a potential upside of 12.34% from the stock’s current price.

A number of other brokerages have also commented on AP.UN. BMO Capital Markets boosted their price target on shares of Allied Properties Real Estate Investment from C$50.00 to C$51.00 and gave the company an “average” rating in a research note on Thursday, June 20th. Raymond James restated an “outperform” rating and set a C$53.00 price target on shares of Allied Properties Real Estate Investment in a research note on Monday, June 24th. National Bank Financial restated an “outperform” rating and set a C$53.00 price target on shares of Allied Properties Real Estate Investment in a research note on Friday, June 21st. Finally, Royal Bank of Canada boosted their price target on shares of Allied Properties Real Estate Investment from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$51.53.

Shares of Allied Properties Real Estate Investment stock traded up C$0.18 during trading on Friday, reaching C$49.85. 141,690 shares of the company traded hands, compared to its average volume of 139,864. The company has a market cap of $5.15 billion and a price-to-earnings ratio of 8.42. The company has a 50 day moving average price of C$48.27. The company has a quick ratio of 0.34, a current ratio of 0.58 and a debt-to-equity ratio of 43.49. Allied Properties Real Estate Investment has a 1-year low of C$41.14 and a 1-year high of C$50.01.

Allied Properties Real Estate Investment Company Profile

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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