Allied Properties Real Estate Investment Price Target Reduced by Royal Bank of Canada
Allied Properties Real Estate Investment (TSE:AP.UN) has recently had its price target reduced by Royal Bank of Canada, sparking interest among investors. The real estate investment trust saw its price objective lowered from C$20.00 to C$19.00, with an “outperform” rating from the brokerage. This adjustment indicates a potential upside of 10.92% from the company’s previous close.
Other analysts have also weighed in on the stock, with mixed opinions. Raymond James and Desjardins both reduced their price targets, while Canaccord Genuity Group and TD Securities also made adjustments. Despite the varying opinions, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.83.
Allied Properties Real Estate Investment opened at C$17.13 on Friday, with a 52-week low of C$15.01 and a high of C$23.33. The company has a market capitalization of C$2.19 billion and a P/E ratio of -4.35. With a focus on providing distinctive urban workspace and network-dense urban data centers, Allied Properties Real Estate Investment is a key player in Canada’s major cities.
Investors are advised to keep an eye on Allied Properties Real Estate Investment as analysts continue to monitor and adjust their price targets. Stay informed with MarketBeat.com’s daily email newsletter for the latest news and ratings on this real estate investment trust.
