Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) has been given an average rating of "Hold" by the eight research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$19.44.
Several research firms recently commented on AP.UN. Scotiabank decreased their target price on Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an "outperform" rating for the company in a research note on Thursday, August 1st. Canaccord Genuity Group raised their price objective on Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a "hold" rating in a research note on Monday, September 23rd. National Bankshares reduced their price objective on Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a "sector perform" rating for the company in a research note on Thursday, August 1st. Desjardins reduced their price objective on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a "hold" rating for the company in a research note on Thursday, August 1st. Finally, Raymond James reduced their price objective on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research note on Friday, September 6th.
Get Our Latest Stock Report on AP.UN
TSE AP.UN opened at C$19.73 on Tuesday. The business has a 50 day simple moving average of C$17.90 and a 200 day simple moving average of C$17.21. Allied Properties Real Estate Investment Trust has a one year low of C$15.01 and a one year high of C$21.35. The stock has a market capitalization of C$2.52 billion, a P/E ratio of -5.35 and a beta of 1.26. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.
Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.
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