Allied Properties Real Estate Investment (TSE:AP.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Posted by Jessica Moore on Mar 29th, 2024

Shares of Allied Properties Real Estate Investment (TSE:AP.UN – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$20.67.

Several research firms have commented on AP.UN. Desjardins decreased their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating on the stock in a report on Friday, February 2nd. CIBC decreased their price objective on shares of Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research note on Wednesday, March 13th. Laurentian lifted their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research note on Monday, January 22nd. National Bankshares decreased their price objective on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Sunday, February 4th. Finally, Scotiabank decreased their price objective on shares of Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating on the stock in a research note on Tuesday, March 12th.

Check Out Our Latest Research Report on Allied Properties Real Estate Investment

Allied Properties Real Estate Investment Stock Performance

Shares of AP.UN stock opened at C$17.67 on Friday. The firm has a market cap of C$2.26 billion, a PE ratio of -4.48 and a beta of 1.16. Allied Properties Real Estate Investment has a 12 month low of C$15.01 and a 12 month high of C$24.65. The company’s fifty day simple moving average is C$17.98 and its 200-day simple moving average is C$18.32. The company has a quick ratio of 0.12, a current ratio of 0.73 and a debt-to-equity ratio of 60.48.

Allied Properties Real Estate Investment Company Profile

(Get Free Report

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.