Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) had its target price cut by analysts at Scotiabank from C$39.50 to C$35.00 in a note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 44.57% from the company’s previous close.
Other equity analysts have also recently issued research reports about the company. CIBC cut Allied Properties Real Estate Investment from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$35.00 to C$30.00 in a report on Thursday, April 13th. TD Securities increased their target price on Allied Properties Real Estate Investment from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Raymond James reduced their target price on Allied Properties Real Estate Investment from C$38.50 to C$36.50 and set an “outperform” rating for the company in a report on Friday, February 3rd. Finally, National Bankshares reduced their target price on Allied Properties Real Estate Investment from C$32.25 to C$27.25 in a report on Tuesday.
Allied Properties Real Estate Investment Stock Up 1.1 %
Shares of AP.UN opened at C$24.21 on Thursday. Allied Properties Real Estate Investment has a 52 week low of C$22.26 and a 52 week high of C$44.49. The company has a quick ratio of 0.12, a current ratio of 2.20 and a debt-to-equity ratio of 61.34. The company has a market capitalization of C$3.10 billion, a price-to-earnings ratio of 19.84 and a beta of 1.00. The stock’s 50-day moving average price is C$25.61 and its 200-day moving average price is C$26.67.
Insider Activity at Allied Properties Real Estate Investment
In other Allied Properties Real Estate Investment news, Director Jennifer Anne Tory bought 2,000 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were bought at an average price of C$28.48 per share, for a total transaction of C$56,960.00. 1.67% of the stock is currently owned by insiders.
Allied Properties Real Estate Investment Company Profile
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Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada’s major cities and (ii) network-dense urban data centers 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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