Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective hoisted by CIBC from C$38.50 to C$42.00 in a research note issued to investors on Friday.

Other equities analysts have also issued reports about the company. TD Securities upped their target price on Allied Properties Real Estate Investment from C$40.00 to C$43.00 and gave the stock a “buy” rating in a research report on Thursday, June 29th. Canaccord Genuity upped their target price on Allied Properties Real Estate Investment from C$36.50 to C$37.00 and gave the stock a “hold” rating in a research report on Friday, May 5th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$40.00 target price on shares of Allied Properties Real Estate Investment in a research report on Thursday, April 6th. Scotiabank upped their target price on Allied Properties Real Estate Investment from C$39.50 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Raymond James Financial, Inc. upped their target price on Allied Properties Real Estate Investment from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$39.84.

COPYRIGHT VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/08/06/allied-properties-real-estate-investment-ap-un-price-target-increased-to-c42-00-by-analysts-at-cibc.html.

About Allied Properties Real Estate Investment

Allied Properties Real Estate Investment Trust is a closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in nine urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Quebec City, Winnipeg, Calgary, Edmonton and Vancouver.

Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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.