National Bank Financial Lowers Allied Properties Real Estate Investment (TSE:AP.UN) Price Target to C$48.00

Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective reduced by equities researchers at National Bank Financial from C$54.00 to C$48.00 in a research note issued on Monday, BayStreet.CA reports. National Bank Financial’s price objective points to a potential upside of 46.88% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. CIBC cut their price target on shares of Allied Properties Real Estate Investment from C$51.00 to C$49.00 in a report on Friday, July 31st. Scotiabank cut their price objective on shares of Allied Properties Real Estate Investment from C$53.50 to C$48.00 in a research note on Friday. Finally, BMO Capital Markets reduced their target price on shares of Allied Properties Real Estate Investment from C$52.00 to C$47.00 in a report on Monday, June 29th.

Shares of AP.UN stock traded down C$1.01 during mid-day trading on Monday, reaching C$32.68. The stock had a trading volume of 226,174 shares, compared to its average volume of 394,846. Allied Properties Real Estate Investment has a 1-year low of C$31.49 and a 1-year high of C$60.14. The firm has a market cap of $4.29 billion and a price-to-earnings ratio of 5.36. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 47.67. The business’s fifty day moving average is C$36.38 and its 200-day moving average is C$40.06.

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.

Featured Article: Buy-Side Analysts

Receive News & Ratings for Allied Properties Real Estate Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allied Properties Real Estate Investment and related companies with MarketBeat.com's FREE daily email newsletter.