Allied Properties Real Estate Investment (TSE:AP.UN) Given New C$20.00 Price Target at TD Securities

Allied Properties Real Estate Investment (TSE:AP.UN) had its price target reduced by analysts at TD Securities from C$21.00 to C$20.00 in a research note issued on Wednesday, BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 16.21% from the company’s current price.

AP.UN has been the subject of several other reports. Scotiabank lowered their price target on Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating for the company in a research report on Tuesday, March 12th. CIBC decreased their target price on Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a report on Wednesday, March 13th. Desjardins decreased their target price on Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating for the company in a report on Friday, February 2nd. Canaccord Genuity Group decreased their target price on Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a “buy” rating for the company in a report on Thursday, February 1st. Finally, Laurentian lifted their price target on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research note on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$20.22.

Allied Properties Real Estate Investment Trading Down 0.8 %

Allied Properties Real Estate Investment stock traded down C$0.14 during mid-day trading on Wednesday, hitting C$17.21. The company’s stock had a trading volume of 184,147 shares, compared to its average volume of 470,342. The firm has a market capitalization of C$2.20 billion, a PE ratio of -4.38 and a beta of 1.16. Allied Properties Real Estate Investment has a 1 year low of C$15.01 and a 1 year high of C$24.42. The company has a current ratio of 0.73, a quick ratio of 0.12 and a debt-to-equity ratio of 60.48. The stock’s fifty day moving average is C$17.42 and its two-hundred day moving average is C$18.11.

About Allied Properties Real Estate Investment

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.