Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$19.78.
Several analysts recently issued reports on the company. Scotiabank decreased their target price on Allied Properties Real Estate Investment Trust from C$21.75 to C$21.25 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Canaccord Genuity Group decreased their target price on Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Raymond James decreased their target price on Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. TD Securities decreased their target price on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada cut their price target on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, May 3rd.
Read Our Latest Analysis on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Stock Down 0.3 %
Allied Properties Real Estate Investment Trust Company Profile
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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