Scotiabank Lowers Canadian Apartment Properties REIT Price Target to C$24.25 (CAR.UN)
Equities researchers at Scotiabank decreased their price objective on shares of Canadian Apartment Properties REIT (TSE:CAR.UN) from C$25.00 to C$24.25 in a research report issued on Friday, Analyst Ratings News reports.
Several other analysts have also recently commented on the stock. Analysts at GMP Securities upgraded shares of Canadian Apartment Properties REIT from a “hold” rating to a “buy” rating in a research note to investors on Friday, October 18th. Separately, analysts at RBC Capital upgraded shares of Canadian Apartment Properties REIT from an “outperform” rating to a “top pick” rating in a research note to investors on Friday, October 11th. They now have a C$25.00 price target on the stock, down previously from C$27.00. Finally, analysts at Canaccord Genuity cut their price target on shares of Canadian Apartment Properties REIT from C$26.65 to C$25.65 in a research note to investors on Friday, August 9th. Two research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$25.71.
Canadian Apartment Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust.
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